<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 188,952 <SECURITIES> 452,195 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 463,899 <DEPRECIATION> 44,761 <TOTAL-ASSETS> 1,214,768 <CURRENT-LIABILITIES> 0 <BONDS> 188,911 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 948,124 <TOTAL-LIABILITY-AND-EQUITY> 1,214,768 <SALES> 0 <TOTAL-REVENUES> 74,349 <CGS> 0 <TOTAL-COSTS> 17,964 <OTHER-EXPENSES> 3,159 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 14,617 <INCOME-PRETAX> 76,158 <INCOME-TAX> 0 <INCOME-CONTINUING> 76,158 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 76,158 <EPS-BASIC> 1.55 <EPS-DILUTED> 1.34