<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 4,957 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 2,436,729 <DEPRECIATION> 247,250 <TOTAL-ASSETS> 2,454,177 <CURRENT-LIABILITIES> 0 <BONDS> 964,019 <PREFERRED-MANDATORY> 0 <PREFERRED> 294,525 <COMMON> 51,253 <OTHER-SE> 860,142 <TOTAL-LIABILITY-AND-EQUITY> 2,454,177 <SALES> 0 <TOTAL-REVENUES> 82,252 <CGS> 0 <TOTAL-COSTS> 25,258 <OTHER-EXPENSES> 3,519 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 21,214 <INCOME-PRETAX> 32,945 <INCOME-TAX> 0 <INCOME-CONTINUING> 32,945 <DISCONTINUED> 0 <EXTRAORDINARY> 209 <CHANGES> 0 <NET-INCOME> 33,154 <EPS-BASIC> 0.53 <EPS-DILUTED> 0.52