<ARTICLE> 5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM [IDENTIFY SPECIFIC FINANCIAL STATEMENTS] AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                      32,638,475
<SECURITIES>                                 1,297,500
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                 15,404,491
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              77,955,053
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        77,142
<OTHER-SE>                                  61,729,873
<TOTAL-LIABILITY-AND-EQUITY>                77,955,053
<SALES>                                              0
<TOTAL-REVENUES>                           (3,646,283)
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                            10,917,741
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,401,630
<INCOME-PRETAX>                           (17,609,712)
<INCOME-TAX>                                   362,673
<INCOME-CONTINUING>                       (17,972,385)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                            416,094,747
<CHANGES>                                            0
<NET-INCOME>                               398,122,362
<EPS-BASIC>                                     0.07
<EPS-DILUTED>                                     0.07