<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>