<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
EPS-PRIMARY AND EPS-DILUTED ARE CALCULATED FROM FEBRUARY 2, 1998 (DATE OF
INITIAL CAPITALIZATION) THROUGH DECEMBER 31, 1998. THE COMPANY HAD NO EARNINGS
PRIOR TO THE COMMENCEMENT OF ITS OPERATIONS ON MAY 12, 1998. WHEN CALCULATED FOR
THE PERIOD FROM MAY 12, 1998 (INCEPTION OF OPERATIONS) THROUGH DECEMBER 31,
1998, THE COMPANY'S BASIC AND DILUTED EARNINGS WERE $0.39 PER COMMON SHARE.
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   11-MOS
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-1998
<PERIOD-START>                             JAN-01-1999             FEB-01-1998
<PERIOD-END>                               DEC-31-1999             DEC-31-1998
<CASH>                                           4,604                   9,789
<SECURITIES>                                    24,569                  28,754
<RECEIVABLES>                                    3,991                   3,681
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                          87,282                  37,146
<DEPRECIATION>                                   1,352                     100
<TOTAL-ASSETS>                                 231,244                 190,926
<CURRENT-LIABILITIES>                           78,167                     941
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           100                     100
<OTHER-SE>                                     117,851                 130,166
<TOTAL-LIABILITY-AND-EQUITY>                   231,244                 190,926
<SALES>                                              0                       0
<TOTAL-REVENUES>                                23,393                   8,745
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                                 7,742                   2,858
<LOSS-PROVISION>                                 3,322                   1,368
<INTEREST-EXPENSE>                               5,593                     567
<INCOME-PRETAX>                                  7,320                   3,952
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                              7,320                   3,952
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     7,320                   3,952
<EPS-BASIC>                                       0.73                    0.56
<EPS-DILUTED>                                     0.73                    0.56


</TABLE>