<ARTICLE> 5
<LEGEND>
The Financial Data Schedule information has been extracted from the Registrants
Consolidated Balance Sheet dated June 30, 1999 and the Consolidated Statement of
Income for the six months ended June 30, 1999.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                             241
<SECURITIES>                                     3,726
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         473,474
<DEPRECIATION>                                 (9,985)
<TOTAL-ASSETS>                                 493,743
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           151
<OTHER-SE>                                     268,599
<TOTAL-LIABILITY-AND-EQUITY>                   493,743
<SALES>                                              0
<TOTAL-REVENUES>                                23,503
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 5,965
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,583
<INCOME-PRETAX>                                 10,955
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    10,955
<EPS-BASIC>                                       0.78
<EPS-DILUTED>                                     0.78