<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 4,615 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,615 <PP&E> 746,302 <DEPRECIATION> 12,404 <TOTAL-ASSETS> 859,127 <CURRENT-LIABILITIES> 17,429 <BONDS> 315,012 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 518,913 <TOTAL-LIABILITY-AND-EQUITY> 859,127 <SALES> 0 <TOTAL-REVENUES> 42,991 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 13,478 <LOSS-PROVISION> 458 <INTEREST-EXPENSE> 8,835 <INCOME-PRETAX> 19,486 <INCOME-TAX> 0 <INCOME-CONTINUING> 19,486 <DISCONTINUED> 0 <EXTRAORDINARY> (39) <CHANGES> 0 <NET-INCOME> 19,447 <EPS-BASIC> .76 <EPS-DILUTED> .76