<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 74,085 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> (113,044) <TOTAL-ASSETS> 783,832 <CURRENT-LIABILITIES> 0 <BONDS> 243,703 <PREFERRED-MANDATORY> 250 <PREFERRED> 0 <COMMON> 100,000 <OTHER-SE> 355,553 <TOTAL-LIABILITY-AND-EQUITY> 783,832 <SALES> 0 <TOTAL-REVENUES> 55,591 <CGS> 0 <TOTAL-COSTS> 14,162 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,675 <INCOME-PRETAX> 26,323 <INCOME-TAX> 0 <INCOME-CONTINUING> 26,323 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 81,456 <EPS-BASIC> 0<F1> <EPS-DILUTED> 0<F2> <FN> <F1>(1) BASIC EARNINGS PER SHARE ATTRIBUTABLE TO- COMMON STOCK Income before gain on sale of property $ 0.88 Gain on sale of property $ 2.15 Net Income $ 3.03 <F2>(2) DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO- COMMON STOCK Income before gain on sale of property $ 0.87 Gain on sale of property $ 2.14 Net income $ 3.01 </FN>