<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from 10-Q and is
qualified in its entirety by reference to such Form 10-Q.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                          93,826
<SECURITIES>                                         0
<RECEIVABLES>                                   22,241
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       2,852,477
<DEPRECIATION>                               (261,228)
<TOTAL-ASSETS>                               4,291,747
<CURRENT-LIABILITIES>                                0
<BONDS>                                      1,608,895
<PREFERRED-MANDATORY>                          149,500
<PREFERRED>                                    616,250
<COMMON>                                           617
<OTHER-SE>                                   1,535,746
<TOTAL-LIABILITY-AND-EQUITY>                 4,291,747
<SALES>                                        121,142
<TOTAL-REVENUES>                               131,509
<CGS>                                           82,686
<TOTAL-COSTS>                                   88,318
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              31,330
<INCOME-PRETAX>                                 13,956
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             13,956
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    13,956
<EPS-PRIMARY>                                     0.01
<EPS-DILUTED>                                     0.01