<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 13,045,392 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 365,211,644 <DEPRECIATION> 51,128,351 <TOTAL-ASSETS> 342,497,000 <CURRENT-LIABILITIES> 0 <BONDS> 342,497,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 41,738 <OTHER-SE> 38,254,712 <TOTAL-LIABILITY-AND-EQUITY> 342,497,000 <SALES> 0 <TOTAL-REVENUES> 39,741,906 <CGS> 0 <TOTAL-COSTS> 17,160,734 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 16,525,291 <INCOME-PRETAX> 6,055,881 <INCOME-TAX> 2,262,773 <INCOME-CONTINUING> 3,793,108 <DISCONTINUED> 0 <EXTRAORDINARY> (214,263) <CHANGES> 0 <NET-INCOME> 3,578,845 <EPS-BASIC> .85 <EPS-DILUTED> .83