<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
CONSOLDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          34,692
<SECURITIES>                                         0
<RECEIVABLES>                                   21,943
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                56,635
<PP&E>                                       4,142,556
<DEPRECIATION>                               (178,072)
<TOTAL-ASSETS>                               4,175,383
<CURRENT-LIABILITIES>                          124,574
<BONDS>                                      1,594,734
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    295,000
<COMMON>                                             0
<OTHER-SE>                                   2,109,970
<TOTAL-LIABILITY-AND-EQUITY>                 4,175,383
<SALES>                                              0
<TOTAL-REVENUES>                               340,094
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              73,182
<INCOME-PRETAX>                                124,414
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            124,414
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  3,075
<CHANGES>                                            0
<NET-INCOME>                                   121,339
<EPS-PRIMARY>                                     1.89
<EPS-DILUTED>                                     1.87