<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JUL-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 66,319<F1>
<SECURITIES> 0
<RECEIVABLES> 5,971<F2>
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 434,925
<CURRENT-LIABILITIES> 0
<BONDS> 128,755<F3>
0
0
<COMMON> 192
<OTHER-SE> 288,932
<TOTAL-LIABILITY-AND-EQUITY> 434,925
<SALES> 0
<TOTAL-REVENUES> 12,198
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 8,905
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 514
<INCOME-PRETAX> 5,048
<INCOME-TAX> 0
<INCOME-CONTINUING> 5,048
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,048
<EPS-BASIC> .26
<EPS-DILUTED> .26
<FN>
<F1>INCLUDES RESTRICTED CASH OF $969
<F2>INCLUDES DEFERRED RENT RECEIVABLE OF $2,002
<F3>INCLUDES NOTE PAYBLE-INTERIM FINANCING OF $97,830
</FN>
</TABLE>