<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 6,334,552 <SECURITIES> 0 <RECEIVABLES> 27,866 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 4,295,427 <DEPRECIATION> (1,410,186) <TOTAL-ASSETS> 11,730,981 <CURRENT-LIABILITIES> 0 <BONDS> 2,640,692 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,657,072 <TOTAL-LIABILITY-AND-EQUITY> 11,730,981 <SALES> 646,880 <TOTAL-REVENUES> 2,004,819 <CGS> 315,789 <TOTAL-COSTS> 435,026 <OTHER-EXPENSES> 294,326 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 122,298 <INCOME-PRETAX> 1,153,169 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,153,169 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,153,169 <EPS-PRIMARY> 0 <EPS-DILUTED> 0