<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the audited
consolidated balance sheet and consolidated statement of operations of Alterra
Healthcare Corporation, filed with its Form 10-K for the period ended December
31, 1999 and is qualified in its entirety by reference to such financial
statements and related footnotes.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                              JAN-1-1999
<PERIOD-END>                               DEC-31-1999
<CASH>                                          18,728
<SECURITIES>                                         0
<RECEIVABLES>                                    7,150
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               109,229
<PP&E>                                         904,865
<DEPRECIATION>                                (41,702)
<TOTAL-ASSETS>                               1,061,397
<CURRENT-LIABILITIES>                          103,777
<BONDS>                                        791,672
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       179,420
<OTHER-SE>                                    (24,423)
<TOTAL-LIABILITY-AND-EQUITY>                 1,061,397
<SALES>                                        376,181
<TOTAL-REVENUES>                               376,181
<CGS>                                                0
<TOTAL-COSTS>                                  381,437
<OTHER-EXPENSES>                                    20
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              35,938
<INCOME-PRETAX>                               (38,638)
<INCOME-TAX>                                    14,669
<INCOME-CONTINUING>                           (25,969)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                      (3,837)
<NET-INCOME>                                  (27,806)
<EPS-BASIC>                                     (1.26)
<EPS-DILUTED>                                   (1.26)