<ARTICLE>         5
<MULTIPLIER>      1,000

                              
<PERIOD-TYPE>                    3-MOS
<FISCAL-YEAR-END>                            Dec-31-1999
<PERIOD-START>                               Apr-01-1999
<PERIOD-END>                                 Jun-30-1999
<CASH>                                               65
<SECURITIES>                                          0
<RECEIVABLES>                                         0
<ALLOWANCES>                                          0
<INVENTORY>                                           0
<CURRENT-ASSETS>                                      0
<PP&E>                                                0
<DEPRECIATION>                                        0
<TOTAL-ASSETS>                                1,104,211
<CURRENT-LIABILITIES>                                 0
<BONDS>                                               0
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<COMMON>                                              0
<OTHER-SE>                                            0
<TOTAL-LIABILITY-AND-EQUITY>                  1,104,211
<SALES>                                               0
<TOTAL-REVENUES>                                 30,767
<CGS>                                                 0
<TOTAL-COSTS>                                    16,271
<OTHER-EXPENSES>                                  1,486
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                               10,406
<INCOME-PRETAX>                                  13,010
<INCOME-TAX>                                          0
<INCOME-CONTINUING>                                   0
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                     13,010
<EPS-BASIC>                                      0.53
<EPS-DILUTED>                                      0.53