<ARTICLE> 5 <LEGEND> The schedule contains summary financial infomation extracted from the financial statements as of and for the six months ended June 30, 1999 included herein and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 200 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 545,361 <DEPRECIATION> 96,203 <TOTAL-ASSETS> 470,282 <CURRENT-LIABILITIES> 0 <BONDS> 308,759 <PREFERRED-MANDATORY> 0 <PREFERRED> 1 <COMMON> 78 <OTHER-SE> 107,979 <TOTAL-LIABILITY-AND-EQUITY> 470,282 <SALES> 0 <TOTAL-REVENUES> 49,302 <CGS> 0 <TOTAL-COSTS> 14,228 <OTHER-EXPENSES> 12,325<F1> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 12,011 <INCOME-PRETAX> 7,209 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,470 <DISCONTINUED> 0 <EXTRAORDINARY> (249) <CHANGES> 0 <NET-INCOME> 5,221 <EPS-BASIC> .54 <EPS-DILUTED> .54 <FN> <F1>Depreciation and amortization </FN>