<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 34,786,773 <SECURITIES> 0 <RECEIVABLES> 5,673,942 <ALLOWANCES> 259,000 <INVENTORY> 0 <CURRENT-ASSETS> 42,592,171 <PP&E> 25,337,782 <DEPRECIATION> 7,698,596 <TOTAL-ASSETS> 187,816,767 <CURRENT-LIABILITIES> 3,537,051 <BONDS> 555,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 348,910 <OTHER-SE> 183,288,033 <TOTAL-LIABILITY-AND-EQUITY> 187,816,767 <SALES> 8,096,821 <TOTAL-REVENUES> 7,477,069 <CGS> 0 <TOTAL-COSTS> 8,164,242 <OTHER-EXPENSES> (248,606) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,236,353 <INCOME-PRETAX> (2,674,920) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,674,920) <DISCONTINUED> 0 <EXTRAORDINARY> (1,114,124) <CHANGES> 0 <NET-INCOME> (3,789,044) <EPS-BASIC> (1.29) <EPS-DILUTED> (1.29)