<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 4,855,637 <SECURITIES> 274,503 <RECEIVABLES> 31,609,857 <ALLOWANCES> 145,258 <INVENTORY> 0 <CURRENT-ASSETS> 8,648,368 <PP&E> 27,891,032 <DEPRECIATION> 6,783,508 <TOTAL-ASSETS> 69,239,951 <CURRENT-LIABILITIES> 4,056,585 <BONDS> 49,428,442 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 360,673 <OTHER-SE> 12,588,031 <TOTAL-LIABILITY-AND-EQUITY> 69,239,951 <SALES> 0 <TOTAL-REVENUES> 7,606,589 <CGS> 0 <TOTAL-COSTS> 3,238,341 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,855,143 <INCOME-PRETAX> 1,765,216 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,765,216 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,765,216 <EPS-PRIMARY> 0.49 <EPS-DILUTED> 0.49