<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 15,741 <SECURITIES> 0 <RECEIVABLES> 8,758 <ALLOWANCES> 2,187 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 569,697 <DEPRECIATION> 91,549 <TOTAL-ASSETS> 537,035 <CURRENT-LIABILITIES> 0 <BONDS> 288,497 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 25 <OTHER-SE> 152,281 <TOTAL-LIABILITY-AND-EQUITY> 537,035 <SALES> 0 <TOTAL-REVENUES> 22,251 <CGS> 0 <TOTAL-COSTS> 14,585 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 1,284 <INTEREST-EXPENSE> 5,424 <INCOME-PRETAX> 765 <INCOME-TAX> 0 <INCOME-CONTINUING> 765 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 765 <EPS-PRIMARY> 0.03 <EPS-DILUTED> 0.03