<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 4,620,991 <SECURITIES> 0 <RECEIVABLES> 88,994 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 4,254,084 <DEPRECIATION> (1,224,101) <TOTAL-ASSETS> 12,036,983 <CURRENT-LIABILITIES> 0 <BONDS> 2,679,526 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,869,889 <TOTAL-LIABILITY-AND-EQUITY> 12,036,983 <SALES> 966,384 <TOTAL-REVENUES> 3,305,320 <CGS> 530,674 <TOTAL-COSTS> 708,985 <OTHER-EXPENSES> 287,345 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 185,528 <INCOME-PRETAX> 2,123,462 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,123,462 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,123,462 <EPS-PRIMARY> 0 <EPS-DILUTED> 0