<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 12,645 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 638,224 <DEPRECIATION> (39,806) <TOTAL-ASSETS> 627,051 <CURRENT-LIABILITIES> 365,214 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,069 <OTHER-SE> 252,829 <TOTAL-LIABILITY-AND-EQUITY> 627,051 <SALES> 0 <TOTAL-REVENUES> 41,844 <CGS> 0 <TOTAL-COSTS> 21,464 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 12,834 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 7,413 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,413 <EPS-BASIC> .37 <EPS-DILUTED> .37