<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,824,293 <SECURITIES> 0 <RECEIVABLES> 140,025 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 4,274,558 <DEPRECIATION> (1,290,949) <TOTAL-ASSETS> 12,112,244 <CURRENT-LIABILITIES> 0 <BONDS> 2,666,814 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,986,219 <TOTAL-LIABILITY-AND-EQUITY> 12,112,244 <SALES> 1,279,458 <TOTAL-REVENUES> 3,781,311 <CGS> 672,845 <TOTAL-COSTS> 918,004 <OTHER-EXPENSES> 376,733 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 246,782 <INCOME-PRETAX> 2,239,792 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,239,792 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,239,792 <EPS-PRIMARY> 0 <EPS-DILUTED> 0