<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 12,688,000 <SECURITIES> 0 <RECEIVABLES> 30,419,000 <ALLOWANCES> 1,167,000 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 52,111,000 <DEPRECIATION> 5,602,000 <TOTAL-ASSETS> 533,101,000 <CURRENT-LIABILITIES> 14,818,000 <BONDS> 252,743,000 <PREFERRED-MANDATORY> 138,286,000 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 119,151,000 <TOTAL-LIABILITY-AND-EQUITY> 533,101,000 <SALES> 0 <TOTAL-REVENUES> 33,744,000 <CGS> 0 <TOTAL-COSTS> 2,533,000 <OTHER-EXPENSES> 36,049,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,020,000 <INCOME-PRETAX> (10,719,000) <INCOME-TAX> 3,594,000 <INCOME-CONTINUING> (7,125,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (11,670,000) <EPS-BASIC> (.59) <EPS-DILUTED> 0