Prospectus excerpt:  3,000,000 shares of 6.70% Series 5 Cumulative Redeemable Preferred Stock, which we refer to as the Series 5 preferred stock.

We will use the net proceeds of this offering to reduce outstanding debt under our line of credit. See ôUse of Proceedsö.

With respect to the payment of dividends and amounts upon liquidation, the Series 5 preferred stock will rank equally with all of our other preferred shares and will rank senior to our common shares.

Dividends on the Series 5 preferred stock are cumulative from the date of issuance and are payable quarterly on or before March 31, June 30, September 30 and December 31 of each year, out of funds legally available for the payment of dividends, at the rate of 6.70% per year of the $25 liquidation preference (equivalent to $1.675 per share). The first dividend is payable on September 30, 2005, and at that time shareholders will be entitled to receive a prorated amount for the period from the date of original issuance of the shares through September 30, 2005. Dividends on the Series 5 preferred stock will accumulate whether or not we have earnings, whether or not there are funds legally available for the payment of such dividends and whether or not such dividends are declared.

The liquidation preference of the Series 5 preferred stock is $25 per share.

The Series 5 preferred stock is not redeemable prior to August 2, 2010. On or after August 2, 2010, the Series 5 preferred stock will be redeemable for cash at our option, in whole or in part, at $25 per share, plus accumulated and unpaid dividends to the redemption date.

Except as described in this prospectus supplement and in the accompanying prospectus, holders of the Series 5 preferred stock will not have any voting rights. On any matter on which the Series 5 preferred stock may vote (as expressly provided in this prospectus supplement or as may be required by law), each share of Series 5 preferred stock will be entitled to one vote.

The Series 5 preferred stock is not convertible into or exchangeable for any of our other property or securities.