<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
BALANCE SHEET AND STATEMENT OF OPERATIONS 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>                                           3,965
<SECURITIES>                                         0
<RECEIVABLES>                                    4,758
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               289,422
<PP&E>                                      10,942,063
<DEPRECIATION>                                 718,491
<TOTAL-ASSETS>                              10,700,260
<CURRENT-LIABILITIES>                          257,912
<BONDS>                                      4,680,527
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  1,410,574
<COMMON>                                             0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                10,700,260
<SALES>                                      1,317,746
<TOTAL-REVENUES>                             1,337,449
<CGS>                                                0
<TOTAL-COSTS>                                  509,488
<OTHER-EXPENSES>                                21,718
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             249,342
<INCOME-PRETAX>                                255,032
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            255,032
<DISCONTINUED>                                  21,703
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   183,818
<EPS-PRIMARY>                                     1.65
<EPS-DILUTED>                                     1.63