<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FORM 10-Q.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-END>                                   MAR-31-2000
<CASH>                                         192,000
<SECURITIES>                                   1,285,000
<RECEIVABLES>                                  1,192,000
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               0
<PP&E>                                         222,204,000
<DEPRECIATION>                                 12,636,000
<TOTAL-ASSETS>                                 217,350,000
<CURRENT-LIABILITIES>                          0
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       116,000
<OTHER-SE>                                     93,707,000
<TOTAL-LIABILITY-AND-EQUITY>                   217,350,000
<SALES>                                        8,065,000
<TOTAL-REVENUES>                               8,104,000
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               3,755,000
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             1,726,000
<INCOME-PRETAX>                                2,623,000
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            0
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   2,623,000
<EPS-BASIC>                                    0.23
<EPS-DILUTED>                                  0.23