<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> APR-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 199,020 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 5,527,566 <DEPRECIATION> 573,768 <TOTAL-ASSETS> 6,337,567 <CURRENT-LIABILITIES> 0 <BONDS> 3,351,020 <PREFERRED-MANDATORY> 149,500 <PREFERRED> 671,250 <COMMON> 676 <OTHER-SE> 1,570,289 <TOTAL-LIABILITY-AND-EQUITY> 6,337,567 <SALES> 270,474 <TOTAL-REVENUES> 285,982 <CGS> 202,026 <TOTAL-COSTS> 205,460 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 64,397 <INCOME-PRETAX> 12,934 <INCOME-TAX> 0 <INCOME-CONTINUING> 12,934 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 11,822 <EPS-BASIC> (0.04) <EPS-DILUTED> (0.04)