<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <EXCHANGE-RATE> 1 <CASH> 875,642 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,242,177,760 <DEPRECIATION> 163,552,946 <TOTAL-ASSETS> 1,230,752,742 <CURRENT-LIABILITIES> 0 <BONDS> 523,569,081 <PREFERRED-MANDATORY> 0 <PREFERRED> 149,750,000 <COMMON> 2,707,855 <OTHER-SE> 499,981,916 <TOTAL-LIABILITY-AND-EQUITY> 1,230,752,741 <SALES> 0 <TOTAL-REVENUES> 120,992,433 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 33,055,058 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 25,460,288 <INCOME-PRETAX> 50,241,700 <INCOME-TAX> 0 <INCOME-CONTINUING> 50,241,700 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 50,241,700 <EPS-PRIMARY> 1.56 <EPS-DILUTED> 1.53