<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 8,563 <SECURITIES> 0 <RECEIVABLES> 6,393 <ALLOWANCES> 756 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,444,090 <DEPRECIATION> 92,549 <TOTAL-ASSETS> 1,417,179 <CURRENT-LIABILITIES> 0 <BONDS> 593,058 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 366 <OTHER-SE> 698,152 <TOTAL-LIABILITY-AND-EQUITY> 1,417,179 <SALES> 0 <TOTAL-REVENUES> 175,305 <CGS> 0 <TOTAL-COSTS> 78,201 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 28,398 <INCOME-PRETAX> 58,105 <INCOME-TAX> 0 <INCOME-CONTINUING> 52,442 <DISCONTINUED> 0 <EXTRAORDINARY> (3,583) <CHANGES> 0 <NET-INCOME> 48,859 <EPS-PRIMARY> 1.34 <EPS-DILUTED> 1.34