<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 16,050,437 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 335,141,644 <DEPRECIATION> 46,843,871 <TOTAL-ASSETS> 319,916,342 <CURRENT-LIABILITIES> 0 <BONDS> 250,461,369 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 42,093 <OTHER-SE> 37,536,422 <TOTAL-LIABILITY-AND-EQUITY> 319,916,342 <SALES> 0 <TOTAL-REVENUES> 28,784,254 <CGS> 0 <TOTAL-COSTS> 12,346,758 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 11,762,873 <INCOME-PRETAX> 4,674,623 <INCOME-TAX> 1,776,350 <INCOME-CONTINUING> 2,898,273 <DISCONTINUED> 0 <EXTRAORDINARY> (214,263) <CHANGES> 0 <NET-INCOME> 2,684,010 <EPS-BASIC> .64 <EPS-DILUTED> .62