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<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-2000
<CASH> 3,445,125
<SECURITIES> 0
<RECEIVABLES> 3,767,603
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 125,100,974
<DEPRECIATION> 1,715,455
<TOTAL-ASSETS> 135,262,274
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 41,885,295
<OTHER-SE> (202,419)
<TOTAL-LIABILITY-AND-EQUITY> 135,262,274
<SALES> 0
<TOTAL-REVENUES> 7,389,420
<CGS> 0
<TOTAL-COSTS> 6,193,661
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,059,738
<INCOME-PRETAX> 1,195,759
<INCOME-TAX> 0
<INCOME-CONTINUING> 1,195,759
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,195,759
<EPS-BASIC> .31
<EPS-DILUTED> .31
<FN>
Current Assets and Current Liabilities are not separated to conform with
industry standards.
Income is from rental income. There are no Sales or Cost of Goods Sold.
</FN>
</TABLE>
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