
<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JUL-01-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                          50,415
<SECURITIES>                                         0
<RECEIVABLES>                                   21,420
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       5,064,050
<DEPRECIATION>                                  31,078
<TOTAL-ASSETS>                               5,354,775
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    100,000
<COMMON>                                           679
<OTHER-SE>                                         1,0
<TOTAL-LIABILITY-AND-EQUITY>                 5,354,775
<SALES>                                        197,055
<TOTAL-REVENUES>                               202,205
<CGS>                                                0
<TOTAL-COSTS>                                   66,665
<OTHER-EXPENSES>                                38,461
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              51,768
<INCOME-PRETAX>                                 27,418
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    27,418
<EPS-BASIC>                                        .40
<EPS-DILUTED>                                      .40


</TABLE>
