<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 12,536 <SECURITIES> 1,700 <RECEIVABLES> 15,049 <ALLOWANCES> 9,212 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,491,554 <DEPRECIATION> 151,189 <TOTAL-ASSETS> 1,394,598 <CURRENT-LIABILITIES> 0 <BONDS> 530,772 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 786,059 <TOTAL-LIABILITY-AND-EQUITY> 1,394,698 <SALES> 0 <TOTAL-REVENUES> 113,329 <CGS> 0 <TOTAL-COSTS> 51,544 <OTHER-EXPENSES> 1,077 <LOSS-PROVISION> 2,430 <INTEREST-EXPENSE> 17,436 <INCOME-PRETAX> 40,877 <INCOME-TAX> 0 <INCOME-CONTINUING> 40,877 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 40,877 <EPS-PRIMARY> 0 <EPS-DILUTED> 0