<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> JUN-30-2000 <CASH> 184,678 <SECURITIES> 0 <RECEIVABLES> 190,335 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 184,988,018 <DEPRECIATION> 28,119,036 <TOTAL-ASSETS> 160,078,112 <CURRENT-LIABILITIES> 0 <BONDS> 98,964,063 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 440 <OTHER-SE> 51,628,992 <TOTAL-LIABILITY-AND-EQUITY> 160,078,112 <SALES> 0 <TOTAL-REVENUES> 11,617,052 <CGS> 0 <TOTAL-COSTS> 4,483,296 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,416,779 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,375,263 <EPS-BASIC> 0.77 <EPS-DILUTED> 0.77