<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
condensed consolidated statement of income for the eleven months ended October
31, 1998 and the condensed consolidated balance sheet as of October 31, 1998,
and is qualified in its enirety by reference to such condensed consolidated
financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   11-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               OCT-31-1998
<CASH>                                          38,122
<SECURITIES>                                         0
<RECEIVABLES>                                    4,079
<ALLOWANCES>                                   (1,588)
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         972,030
<DEPRECIATION>                                (34,799)
<TOTAL-ASSETS>                               1,015,922
<CURRENT-LIABILITIES>                                0
<BONDS>                                        983,929
<COMMON>                                             1
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                    (47,360)
<TOTAL-LIABILITY-AND-EQUITY>                 1,015,922
<SALES>                                        109,142
<TOTAL-REVENUES>                               111,135
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                46,548
<LOSS-PROVISION>                                 1,588
<INTEREST-EXPENSE>                              44,948
<INCOME-PRETAX>                                 19,639
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             19,639
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    19,639
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0