<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 14,149,967 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 366,611,644 <DEPRECIATION> 55,718,351 <TOTAL-ASSETS> 339,077,773 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 41,188 <OTHER-SE> 38,519,319 <TOTAL-LIABILITY-AND-EQUITY> 339,077,773 <SALES> 0 <TOTAL-REVENUES> 11,053,484 <CGS> 0 <TOTAL-COSTS> 5,296,426 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,902,610 <INCOME-PRETAX> 854,448 <INCOME-TAX> 320,418 <INCOME-CONTINUING> 534,030 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 534,030 <EPS-BASIC> .13 <EPS-DILUTED> .12