<ARTICLE> 5 <MULTIPLIER> 1000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <EXCHANGE-RATE> 1.00 <CASH> 3,473 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,242,564 <DEPRECIATION> 123,354 <TOTAL-ASSETS> 1,203,453 <CURRENT-LIABILITIES> 0 <BONDS> 741,966 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 419,463 <TOTAL-LIABILITY-AND-EQUITY> 1,203,453 <SALES> 42,055 <TOTAL-REVENUES> 43,149 <CGS> 0 <TOTAL-COSTS> 14,320 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,497 <INCOME-PRETAX> 8,999 <INCOME-TAX> 0 <INCOME-CONTINUING> 8,999 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,999 <EPS-PRIMARY> .27 <EPS-DILUTED> .27