<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 3,526,000 <SECURITIES> 0 <RECEIVABLES> 11,613,000 <ALLOWANCES> 312,000 <INVENTORY> 0 <CURRENT-ASSETS> 15,549,000 <PP&E> 20,474,000 <DEPRECIATION> 5,121,000 <TOTAL-ASSETS> 105,052,000 <CURRENT-LIABILITIES> 15,006,000 <BONDS> 74,127,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 84,000 <OTHER-SE> 15,171,000 <TOTAL-LIABILITY-AND-EQUITY> 105,052,000 <SALES> 15,882,000 <TOTAL-REVENUES> 15,882,000 <CGS> 0 <TOTAL-COSTS> 7,633,000 <OTHER-EXPENSES> 6,545,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,371,000 <INCOME-PRETAX> (1,667,000) <INCOME-TAX> (50,000) <INCOME-CONTINUING> (1,717,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,717,000) <EPS-PRIMARY> (.28) <EPS-DILUTED> (.28)