<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 406,597 <SECURITIES> 0 <RECEIVABLES> 325,025 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 11,611,785 <F1> <DEPRECIATION> 717,016 <TOTAL-ASSETS> 11,626,391 <CURRENT-LIABILITIES> 137,857 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,488,534 <F2> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 11,626,391 <SALES> 0 <TOTAL-REVENUES> 674,547 <F3> <CGS> 0 <TOTAL-COSTS> 248,693 <F4> <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 425,854 <EPS-BASIC> 0 <EPS-DILUTED> 0 <FN> <F1> "PP&E" REPRESENTS INVESTMENT IN REAL ESTATE [LAND AND BUILDING] <F2> "COMMON" REPRESENTS TOTAL STOCKHOLDERS EQUITY <F3> "TOTAL REVENUES" REPRESENTS RENTAL, INTEREST, AND OTHER INCOME <F4> "TOTAL COSTS" REPRESENTS TOTAL EXPENSES </FN>