<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 15,874,000 <SECURITIES> 0 <RECEIVABLES> 4,891,000 <ALLOWANCES> (99,000) <INVENTORY> 0 <CURRENT-ASSETS> 20,666,000 <PP&E> 283,233,000 <DEPRECIATION> (10,569,000) <TOTAL-ASSETS> 344,228,000 <CURRENT-LIABILITIES> 18,292,000 <BONDS> 200,526,000 <PREFERRED-MANDATORY> 100,689,000 <PREFERRED> 0 <COMMON> 90,000 <OTHER-SE> 35,270,000 <TOTAL-LIABILITY-AND-EQUITY> 344,228,000 <SALES> 0 <TOTAL-REVENUES> 31,445,000 <CGS> 0 <TOTAL-COSTS> 27,271,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,918,000 <INCOME-PRETAX> 256,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 256,000 <EPS-BASIC> (0.19) <EPS-DILUTED> (0.19)