<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 12,168 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 779,631 <DEPRECIATION> 64,966 <TOTAL-ASSETS> 800,612 <CURRENT-LIABILITIES> 21,000 <BONDS> 339,391 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 402,894 <TOTAL-LIABILITY-AND-EQUITY> 800,612 <SALES> 0 <TOTAL-REVENUES> 89,646 <CGS> 0 <TOTAL-COSTS> 25,597 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 17,808 <INCOME-PRETAX> 27,024 <INCOME-TAX> 0 <INCOME-CONTINUING> 27,024 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 25,145 <EPS-PRIMARY> 1.32<F1> <EPS-DILUTED> 1.30 <FN> <F1> September 30, 1997 Earnings Per Share: Basic: $1.04 Diluted: $1.03 </FN>