<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 1,622,000 <SECURITIES> 1,417,000 <RECEIVABLES> 1,830,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 208,101,000 <DEPRECIATION> 11,841,000 <TOTAL-ASSETS> 205,893,000 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 113,000 <OTHER-SE> 87,941,000 <TOTAL-LIABILITY-AND-EQUITY> 205,893,000 <SALES> 19,275,000 <TOTAL-REVENUES> 19,535,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,867,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,490,000 <INCOME-PRETAX> 7,178,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,178,000 <EPS-BASIC> 0.67 <EPS-DILUTED> 0.67