<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM UNAUDITED
CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2000.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                           6,641
<SECURITIES>                                   330,950
<RECEIVABLES>                                   16,073
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                15,706
<PP&E>                                          91,867
<DEPRECIATION>                                   8,168
<TOTAL-ASSETS>                                 453,069
<CURRENT-LIABILITIES>                           85,523
<BONDS>                                        187,654
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      4,608
<COMMON>                                        25,234
<OTHER-SE>                                     150,050
<TOTAL-LIABILITY-AND-EQUITY>                   453,069
<SALES>                                              0
<TOTAL-REVENUES>                                31,320
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                11,437
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,025
<INCOME-PRETAX>                                 13,858
<INCOME-TAX>                                     5,461
<INCOME-CONTINUING>                              8,397
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,397
<EPS-BASIC>                                        .44
<EPS-DILUTED>                                      .38