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<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-2000
<CASH> 970,322
<SECURITIES> 0
<RECEIVABLES> 13,120,844
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 6,043,010
<PP&E> 216,095,618
<DEPRECIATION> (8,776,700)
<TOTAL-ASSETS> 246,372,676
<CURRENT-LIABILITIES> 3,352,334
<BONDS> 106,480,027
0
0
<COMMON> 95,081
<OTHER-SE> 136,182,373
<TOTAL-LIABILITY-AND-EQUITY> 246,372,676
<SALES> 0
<TOTAL-REVENUES> 14,675,053
<CGS> 0
<TOTAL-COSTS> 3,606,377
<OTHER-EXPENSES> (1,611,221)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 5,113,444
<INCOME-PRETAX> 8,567,951
<INCOME-TAX> 0
<INCOME-CONTINUING> 8,567,951
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 8,567,951
<EPS-BASIC> 0.90
<EPS-DILUTED> 0.90
</TABLE>
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