<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,224,363 <SECURITIES> 0 <RECEIVABLES> 315,194 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 27,864,279 <DEPRECIATION> (9,138,940) <TOTAL-ASSETS> 32,175,134 <CURRENT-LIABILITIES> 0 <BONDS> 3,437,648 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 27,377,388 <TOTAL-LIABILITY-AND-EQUITY> 32,175,134 <SALES> 2,203,177 <TOTAL-REVENUES> 2,432,553 <CGS> 1,023,238 <TOTAL-COSTS> 1,355,446 <OTHER-EXPENSES> 355,801 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 96,035 <INCOME-PRETAX> 625,271 <INCOME-TAX> 0 <INCOME-CONTINUING> 625,271 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 625,271 <EPS-PRIMARY> 0 <EPS-DILUTED> 0