<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FORM 10-Q FOR THE SIX MONTHS ENDED JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 5,416 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,471,266 <DEPRECIATION> 208,803 <TOTAL-ASSETS> 1,512,994 <CURRENT-LIABILITIES> 0 <BONDS> 712,302 <PREFERRED-MANDATORY> 0 <PREFERRED> 187,847 <COMMON> 32,044 <OTHER-SE> 394,314 <TOTAL-LIABILITY-AND-EQUITY> 1,512,994 <SALES> 0 <TOTAL-REVENUES> 101,433 <CGS> 0 <TOTAL-COSTS> 23,897 <OTHER-EXPENSES> 12,739 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 25,743 <INCOME-PRETAX> 39,054 <INCOME-TAX> 0 <INCOME-CONTINUING> 39,054 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 39,054 <EPS-BASIC> 0.98 <EPS-DILUTED> 0.98