<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   11-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             FEB-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                           9,789
<SECURITIES>                                    28,754
<RECEIVABLES>                                    3,681
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                          37,146
<DEPRECIATION>                                     100
<TOTAL-ASSETS>                                 190,926
<CURRENT-LIABILITIES>                              941
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           100
<OTHER-SE>                                     130,166
<TOTAL-LIABILITY-AND-EQUITY>                   190,926
<SALES>                                              0
<TOTAL-REVENUES>                                 8,745
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 2,858
<LOSS-PROVISION>                                 1,368
<INTEREST-EXPENSE>                                 567
<INCOME-PRETAX>                                  3,952
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              3,952
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,952
<EPS-PRIMARY>                                     0.56<F1>
<EPS-DILUTED>                                     0.56<F1>
<FN>
<F1>EPS-PRIMARY AND EPS-DILUTED ARE CALCULATED FROM FEBRUARY 2, 1998 (DATE OF
INITIAL CAPITALIZATION) THROUGH DECEMBER 31, 1998. THE COMPANY HAD NO EARNINGS
PRIOR TO THE COMMENCEMENT OF ITS OPERATIONS ON MAY 12, 1998. WHEN CALCULATED FOR
THE PERIOD FROM MAY 12, 1998 (INCEPTION OF OPERATIONS) THROUGH DECEMBER 31,
1998, THE COMPANY'S BASIC AND DILUTED EARNINGS WERE $0.39 PER COMMON SHARE.
</FN>