<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1999 <CASH> 742,293 <SECURITIES> 0 <RECEIVABLES> 32,783 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 8,933,000 <F1> <DEPRECIATION> 0 <TOTAL-ASSETS> 10,043,021 <CURRENT-LIABILITIES> 0 <BONDS> 6,096,326 <F2> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,250,173 <F3> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 0 <SALES> 0 <TOTAL-REVENUES> 912,752 <F4> <CGS> 0 <TOTAL-COSTS> 608,149 <F5> <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 314,526 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (12,175) <EPS-BASIC> 0 <EPS-DILUTED> 0 <FN> <F1> "PP&E" REPRESENTS REAL ESTATE HELD FOR SALE <F2> "BONDS" REPRESENTS MORTGAGE PAYABLE <F3> "COMMON" REPRESENTS NET ASSETS IN LIQUIDATION <F4> "TOTAL REVENUES" REPRESENTS RENTAL, INTEREST, AND OTHER INCOME <F5> "TOTAL COSTS" REPRESENTS TOTAL EXPENSES LESS INTEREST EXPENSE </FN>