<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,076,487 <SECURITIES> 0 <RECEIVABLES> 50,858 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 47,682,470 <DEPRECIATION> (22,603,408) <TOTAL-ASSETS> 31,004,888 <CURRENT-LIABILITIES> 0 <BONDS> 23,373,791 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 31,004,888 <SALES> 2,028,217 <TOTAL-REVENUES> 2,054,659 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,442,051 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 532,124 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 80,484 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 80,484 <EPS-PRIMARY> 0 <EPS-DILUTED> 0