<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS

                                                  
<PERIOD-TYPE>                   3-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000             DEC-31-2000
<PERIOD-START>                             JUL-01-2000             JAN-01-2000
<PERIOD-END>                               SEP-30-2000             SEP-30-2000
<EXCHANGE-RATE>                                      1                       1
<CASH>                                         505,000                 505,000
<SECURITIES>                               136,772,000             136,772,000
<RECEIVABLES>                               37,055,000              37,055,000
<ALLOWANCES>                                  (37,000)                (37,000)
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                      82,740,000              82,740,000
<DEPRECIATION>                             (1,958,000)             (1,958,000)
<TOTAL-ASSETS>                             311,323,000             311,323,000
<CURRENT-LIABILITIES>                                0                       0
<BONDS>                                     98,693,000              98,693,000
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                    213,000                 213,000
<COMMON>                                       420,000                 420,000
<OTHER-SE>                                 200,138,000             200,138,000
<TOTAL-LIABILITY-AND-EQUITY>               311,323,000             311,323,000
<SALES>                                              0                       0
<TOTAL-REVENUES>                             5,896,000              14,824,000
<CGS>                                                0                       0
<TOTAL-COSTS>                              (5,978,000)            (18,673,000)
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                           2,435,000               8,768,000
<INCOME-PRETAX>                              5,413,000               4,509,000
<INCOME-TAX>                               (2,263,000)             (1,976,000)
<INCOME-CONTINUING>                          3,150,000               2,533,000
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 3,150,000               2,533,000
<EPS-BASIC>                                       0.08                    0.06
<EPS-DILUTED>                                     0.05                    0.04