<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED CONSOLIDATED BALANCE SHEET AND THE CONDENSED CONSOLIDATED STATEMENT OF INCOME AS OF AND FOR THE THREE MONTHS ENDED MARCH 31, 2000 AS CONTAINED IN THE COMPANY'S FORM 10Q FOR SUCH PERIOD AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10Q. DOLLARS ARE IN THOUSANDS, EXCEPT PER SHARE DATA. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <EXCHANGE-RATE> 1 <CASH> 2,865 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 695,980 <DEPRECIATION> 86,760 <TOTAL-ASSETS> 659,556 <CURRENT-LIABILITIES> 0 <BONDS> 385,699 <PREFERRED-MANDATORY> 24,369 <PREFERRED> 0 <COMMON> 2 <OTHER-SE> 173,967 <TOTAL-LIABILITY-AND-EQUITY> 659,556 <SALES> 0 <TOTAL-REVENUES> 19,610 <CGS> 0 <TOTAL-COSTS> 4,795 <OTHER-EXPENSES> 293 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,434 <INCOME-PRETAX> 5,802 <INCOME-TAX> 0 <INCOME-CONTINUING> 4,471 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,471 <EPS-BASIC> 0.23 <EPS-DILUTED> 0.23