<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-K
FOR THE YEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                   1,000

       
                                     
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                         DEC-31-1998
<PERIOD-START>                            JAN-01-1998
<PERIOD-END>                              DEC-31-1998
<CASH>                                          5,673
<SECURITIES>                                        0
<RECEIVABLES>                                       0
<ALLOWANCES>                                        0
<INVENTORY>                                         0
<CURRENT-ASSETS>                                5,673
<PP&E>                                        701,608
<DEPRECIATION>                                  7,917
<TOTAL-ASSETS>                                813,264
<CURRENT-LIABILITIES>                          19,588
<BONDS>                                       271,298
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                            0
<OTHER-SE>                                    514,233
<TOTAL-LIABILITY-AND-EQUITY>                  813,264
<SALES>                                             0
<TOTAL-REVENUES>                               85,330
<CGS>                                               0
<TOTAL-COSTS>                                       0
<OTHER-EXPENSES>                               25,081
<LOSS-PROVISION>                                1,585
<INTEREST-EXPENSE>                             18,266
<INCOME-PRETAX>                                39,085
<INCOME-TAX>                                        0
<INCOME-CONTINUING>                            39,085
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                 (621)
<CHANGES>                                           0
<NET-INCOME>                                   38,464
<EPS-PRIMARY>                                    1.55
<EPS-DILUTED>                                    1.55