<ARTICLE>      5

                                         

   <PERIOD-TYPE>                               12-MOS
   <FISCAL-YEAR-END>                           DEC-31-1999
   <PERIOD-END>                                DEC-31-1999
   <CASH>                                                  $  1,584
   <SECURITIES>                                                   0
   <RECEIVABLES>                                                  0
   <ALLOWANCES>                                                   0
   <INVENTORY>                                                    0
   <CURRENT-ASSETS>                                           1,735
   <PP&E>                                                   679,733
   <DEPRECIATION>                                            28,695
   <TOTAL-ASSETS>                                           671,410
   <CURRENT-LIABILITIES>                                     22,583
   <BONDS>                                                  344,036
   <COMMON>                                                     392
   <PREFERRED-MANDATORY>                                          0
   <PREFERRED>                                                    0
   <OTHER-SE>                                               299,788
   <TOTAL-LIABILITY-AND-EQUITY>                             671,410
   <SALES>                                                        0
   <TOTAL-REVENUES>                                          90,709
   <CGS>                                                          0
   <TOTAL-COSTS>                                                  0
   <OTHER-EXPENSES>                                          39,201
   <LOSS-PROVISION>                                               0
   <INTEREST-EXPENSE>                                        18,970
   <INCOME-PRETAX>                                           40,153
   <INCOME-TAX>                                                   0
   <INCOME-CONTINUING>                                       40,153
   <DISCONTINUED>                                                 0
   <EXTRAORDINARY>                                              298
   <CHANGES>                                                      0
   <NET-INCOME>                                             $39,855
   <EPS-BASIC>                                            $    1.87
   <EPS-DILUTED>                                          $    1.86