<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> MAR-31-2000 <CASH> 5,957 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 124,034 <PP&E> 3,951,833 <DEPRECIATION> 427,473 <TOTAL-ASSETS> 3,654,351 <CURRENT-LIABILITIES> 149,000 <BONDS> 2,118,194 <PREFERRED-MANDATORY> 0 <PREFERRED> 426,671 <COMMON> 103,165 <OTHER-SE> 764,459 <TOTAL-LIABILITY-AND-EQUITY> 3,654,351 <SALES> 154,057 <TOTAL-REVENUES> 155,127 <CGS> 0 <TOTAL-COSTS> 59,955 <OTHER-EXPENSES> 38,977 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 39,075 <INCOME-PRETAX> 18,808 <INCOME-TAX> 0 <INCOME-CONTINUING> 18,808 <DISCONTINUED> 0 <EXTRAORDINARY> (228) <CHANGES> 0 <NET-INCOME> 18,580 <EPS-BASIC> 0.09 <EPS-DILUTED> 0.09