<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 186,199 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 4,508,535 <DEPRECIATION> 415,992 <TOTAL-ASSETS> 5,684,251 <CURRENT-LIABILITIES> 0 <BONDS> 2,584,289 <PREFERRED-MANDATORY> 149,500 <PREFERRED> 707,745 <COMMON> 0 <OTHER-SE> 1,802,144 <TOTAL-LIABILITY-AND-EQUITY> 5,684,251 <SALES> 574,760 <TOTAL-REVENUES> 636,943 <CGS> 386,008 <TOTAL-COSTS> 403,884 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 139,124 <INCOME-PRETAX> 80,690 <INCOME-TAX> 0 <INCOME-CONTINUING> 80,690 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 80,690 <EPS-BASIC> .40 <EPS-DILUTED> .40