<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> JUN-30-2000 <CASH> 17,160 <SECURITIES> 53,817 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 119,222 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 276,611 <CURRENT-LIABILITIES> 0 <BONDS> 231,827 <PREFERRED-MANDATORY> 28,249 <PREFERRED> 0 <COMMON> 84 <OTHER-SE> 5,922 <TOTAL-LIABILITY-AND-EQUITY> 276,611 <SALES> 6,827 <TOTAL-REVENUES> 33,123 <CGS> 5,057 <TOTAL-COSTS> 5,057 <OTHER-EXPENSES> 19,501 <LOSS-PROVISION> 3,835 <INTEREST-EXPENSE> 11,703 <INCOME-PRETAX> (6,973) <INCOME-TAX> 7,321 <INCOME-CONTINUING> (14,107) <DISCONTINUED> (5,000) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (20,391) <EPS-BASIC> (2.44) <EPS-DILUTED> (2.44)