<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheet and consolidated statements of operations of Alterra
Healthcare Corporation filed with the Company's Form 10-Q for the period ended
September 30, 2000 and is qualified in its entirety by reference to such
financial statements and related footnotes.
</LEGEND>
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                          46,858
<SECURITIES>                                         0
<RECEIVABLES>                                    9,229
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               180,078
<PP&E>                                       1,039,026
<DEPRECIATION>                                (64,633)
<TOTAL-ASSETS>                               1,285,366
<CURRENT-LIABILITIES>                          167,915
<BONDS>                                        981,844
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       179,442
<OTHER-SE>                                    (63,823)
<TOTAL-LIABILITY-AND-EQUITY>                 1,285,366
<SALES>                                        341,178
<TOTAL-REVENUES>                               341,178
<CGS>                                                0
<TOTAL-COSTS>                                  338,360
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              53,713
<INCOME-PRETAX>                               (66,145)
<INCOME-TAX>                                    22,563
<INCOME-CONTINUING>                           (43,582)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  8,536
<CHANGES>                                            0
<NET-INCOME>                                  (35,046)
<EPS-BASIC>                                     (1.58)
<EPS-DILUTED>                                   (1.58)