<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JUL-01-2000 <PERIOD-END> SEP-30-2000 <CASH> 66,319<F1> <SECURITIES> 0 <RECEIVABLES> 5,971<F2> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 434,925 <CURRENT-LIABILITIES> 0 <BONDS> 128,755<F3> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 192 <OTHER-SE> 288,932 <TOTAL-LIABILITY-AND-EQUITY> 434,925 <SALES> 0 <TOTAL-REVENUES> 12,198 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,905 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 514 <INCOME-PRETAX> 5,048 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,048 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,048 <EPS-BASIC> .26 <EPS-DILUTED> .26 <FN> <F1>INCLUDES RESTRICTED CASH OF $969 <F2>INCLUDES DEFERRED RENT RECEIVABLE OF $2,002 <F3>INCLUDES NOTE PAYBLE-INTERIM FINANCING OF $97,830 </FN>