<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 8,076 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 48,270 <PP&E> 4,315,667 <DEPRECIATION> 252,063 <TOTAL-ASSETS> 4,180,116 <CURRENT-LIABILITIES> 149,652 <BONDS> 1,619,170 <PREFERRED-MANDATORY> 0 <PREFERRED> 183 <COMMON> 660 <OTHER-SE> 2,374,949 <TOTAL-LIABILITY-AND-EQUITY> 4,180,116 <SALES> 0 <TOTAL-REVENUES> 135,088 <CGS> 0 <TOTAL-COSTS> 47,515 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 20,067 <INCOME-PRETAX> 47,172 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 47,172 <EPS-BASIC> 0.56 <EPS-DILUTED> 0.55