<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONDENSED
CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 2000 AND DECEMBER 31, 1999 AND
CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND
1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                            4989
<SECURITIES>                                         0
<RECEIVABLES>                                    80717<F5>
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 23268<F1>
<PP&E>                                          373028
<DEPRECIATION>                                   47661
<TOTAL-ASSETS>                                  434341
<CURRENT-LIABILITIES>                            10045<F2>
<BONDS>                                         225003
<PREFERRED-MANDATORY>                            71846<F6>
<PREFERRED>                                     20,000
<COMMON>                                            81
<OTHER-SE>                                      179212
<TOTAL-LIABILITY-AND-EQUITY>                    434341
<SALES>                                              0
<TOTAL-REVENUES>                                 14438
<CGS>                                                0
<TOTAL-COSTS>                                     6326
<OTHER-EXPENSES>                                 (797)<F3>
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                4354
<INCOME-PRETAX>                                   2867
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                               2867
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                      2404<F4>
<EPS-BASIC>                                        .30
<EPS-DILUTED>                                      .30
<FN>
<F1>AS A REIT, WE DO NOT HAVE A CLASSIFIED BALANCE SHEET
<F2>AS A REIT, WE DO NOT HAVE A CLASSIFIED BALANCE SHEET
<F3>OTHER INCOME AND INTEREST INCOME
<F4>NET INCOME AFTER MINORITY INTEREST ALLOCATION AND PREFERRED DIVIDENDS
<F5>INCLUDES MORTGAGE NOTE RECEIVABLE
<F6>REPRESENTS MINORITY INTEREST
</FN>