<ARTICLE> 5

                                                          
<PERIOD-TYPE>                              9-MOS              9-MOS
<FISCAL-YEAR-END>                    DEC-31-2000        DEC-31-1999
<PERIOD-START>                       JAN-01-2000        JAN-01-1999
<PERIOD-END>                         SEP-30-2000        SEP-30-1999
<CASH>                                 1,626,000             23,000
<SECURITIES>                                   0                  0
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<DEPRECIATION>                            40,000             39,000
<TOTAL-ASSETS>                        66,101,000         41,303,000
<CURRENT-LIABILITIES>                    918,000          3,676,000
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<PREFERRED>                                    0                  0
<COMMON>                                   1,000                  0
<OTHER-SE>                            39,272,000         22,851,000
<TOTAL-LIABILITY-AND-EQUITY>          66,101,000         41,303,000
<SALES>                                        0                  0
<TOTAL-REVENUES>                       1,177,000            685,000
<CGS>                                          0                  0
<TOTAL-COSTS>                          2,601,000          1,652,000
<OTHER-EXPENSES>                        (127,000)           913,000
<LOSS-PROVISION>                               0                  0
<INTEREST-EXPENSE>                    25,293,000            309,000
<INCOME-PRETAX>                      (26,590,000)        (2,189,000)
<INCOME-TAX>                                   0                  0
<INCOME-CONTINUING>                  (26,590,000)        (2,189,000)
<DISCONTINUED>                                 0                  0
<EXTRAORDINARY>                                0                  0
<CHANGES>                                      0                  0
<NET-INCOME>                         (26,590,000)        (2,189,000)
<EPS-BASIC>                               (19.66)             (2.51)
<EPS-DILUTED>                             (19.66)             (2.51)