<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> APR-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 9,086,000 <SECURITIES> 0 <RECEIVABLES> 41,935,000 <ALLOWANCES> 1,646,000 <INVENTORY> 0 <CURRENT-ASSETS> 55,136,000 <PP&E> 57,050,000 <DEPRECIATION> 7,459,000 <TOTAL-ASSETS> 551,854,000 <CURRENT-LIABILITIES> 22,173,000 <BONDS> 267,537,000 <PREFERRED-MANDATORY> 143,038,000 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 112,186,000 <TOTAL-LIABILITY-AND-EQUITY> 551,854,000 <SALES> 49,775,000 <TOTAL-REVENUES> 49,775,000 <CGS> 0 <TOTAL-COSTS> 3,946,000 <OTHER-EXPENSES> 42,783,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,472,000 <INCOME-PRETAX> (2,213,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,213,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,965,000) <EPS-BASIC> (.35) <EPS-DILUTED> (.35)