<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,225,152 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 41,202,954 <DEPRECIATION> (21,089,387) <TOTAL-ASSETS> 25,883,799 <CURRENT-LIABILITIES> 0 <BONDS> 23,787,578 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 25,883,799 <SALES> 2,159,956 <TOTAL-REVENUES> 2,368,890 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,561,237 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 542,987 <INCOME-PRETAX> 264,666 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 264,666 <EPS-PRIMARY> 0 <EPS-DILUTED> 0