<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <CASH> 7,696 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 2,423,497 <DEPRECIATION> 230,509 <TOTAL-ASSETS> 2,469,390 <CURRENT-LIABILITIES> 0 <BONDS> 964,007 <PREFERRED-MANDATORY> 0 <PREFERRED> 275,041 <COMMON> 51,421 <OTHER-SE> 873,795 <TOTAL-LIABILITY-AND-EQUITY> 2,469,390 <SALES> 0 <TOTAL-REVENUES> 224,793 <CGS> 0 <TOTAL-COSTS> 71,286 <OTHER-EXPENSES> 9,884 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 57,701 <INCOME-PRETAX> 96,225 <INCOME-TAX> 0 <INCOME-CONTINUING> 96,225 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 96,225 <EPS-BASIC> 2.25 <EPS-DILUTED> 2.25