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

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                             145
<SECURITIES>                                     4,130
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         477,271
<DEPRECIATION>                                (12,381)
<TOTAL-ASSETS>                                 495,980
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           151
<OTHER-SE>                                     268,465
<TOTAL-LIABILITY-AND-EQUITY>                   495,980
<SALES>                                              0
<TOTAL-REVENUES>                                36,005
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 9,009
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               9,853
<INCOME-PRETAX>                                 17,143
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    17,143
<EPS-BASIC>                                       1.19
<EPS-DILUTED>                                     1.19