<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 13,057,507 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 366,780,787 <DEPRECIATION> 60,308,351 <TOTAL-ASSETS> 332,485,580 <CURRENT-LIABILITIES> 0 <BONDS> 262,952,904 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 38,895 <OTHER-SE> 37,292,355 <TOTAL-LIABILITY-AND-EQUITY> 332,485,580 <SALES> 0 <TOTAL-REVENUES> 21,838,025 <CGS> 0 <TOTAL-COSTS> 11,245,579 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,636,411 <INCOME-PRETAX> 956,035 <INCOME-TAX> 358,513 <INCOME-CONTINUING> 597,522 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 597,522 <EPS-BASIC> .15 <EPS-DILUTED> .14