<ARTICLE> 5
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                          84,093
<SECURITIES>                                         0
<RECEIVABLES>                                    5,973
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 442,595
<CURRENT-LIABILITIES>                                0
<BONDS>                                        128,849
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           210
<OTHER-SE>                                     298,847
<TOTAL-LIABILITY-AND-EQUITY>                   442,595
<SALES>                                              0
<TOTAL-REVENUES>                                12,382
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 8,473
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 844
<INCOME-PRETAX>                                 54,453
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             54,453
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                (4,562)
<CHANGES>                                            0
<NET-INCOME>                                    49,891
<EPS-BASIC>                                       2.38
<EPS-DILUTED>                                     2.38

<F1>INCLUDES RESTRICTED CASH OF $611
<F2>INCLUDES DEFERRED RENT RECEIVABLE OF $1,550
<F3>INCLUDES NOTE PAYABLE-INTERIM FINANCING OF $97,830