<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE THIRD QUARTER 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-Q. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 9,373,816 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 15,469,972 <CURRENT-LIABILITIES> 0 <BONDS> 46,484,219 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (32,106,887) <TOTAL-LIABILITY-AND-EQUITY> 15,469,972 <SALES> 0 <TOTAL-REVENUES> 3,100,297 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 718,827 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,128,827 <INCOME-PRETAX> (1,747,357) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,747,357) <DISCONTINUED> 4,903,873 <EXTRAORDINARY> 1,653,096 <CHANGES> 0 <NET-INCOME> 4,809,612 <EPS-PRIMARY> 93.31 <EPS-DILUTED> 93.31