<ARTICLE>                     5
<MULTIPLIER>                                   1,000
<CURRENCY>                                     USD

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              Dec-31-1999
<PERIOD-START>                                 Jan-1-1999
<PERIOD-END>                                   Dec-31-1999
<EXCHANGE-RATE>                                1
<CASH>                                         44,382
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               0
<PP&E>                                         337,983
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 522,398
<CURRENT-LIABILITIES>                          0
<BONDS>                                        371,500
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       29
<OTHER-SE>                                     99,212
<TOTAL-LIABILITY-AND-EQUITY>                   522,398
<SALES>                                        0
<TOTAL-REVENUES>                               11,656
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             9,828
<INCOME-PRETAX>                                1,828
<INCOME-TAX>                                   (1,129)
<INCOME-CONTINUING>                            699
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   699
<EPS-BASIC>                                    0.91
<EPS-DILUTED>                                  0.91