<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 2,962,122 <SECURITIES> 0 <RECEIVABLES> 47,339 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 52,790,410 <DEPRECIATION> (33,578,927) <TOTAL-ASSETS> 29,770,153 <CURRENT-LIABILITIES> 0 <BONDS> 35,832,593 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 29,770,153 <SALES> 3,763,677 <TOTAL-REVENUES> 3,816,143 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,407,553 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 751,505 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 657,085 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 657,085 <EPS-PRIMARY> 0 <EPS-DILUTED> 0