<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 867,658 <SECURITIES> 2,058,517 <RECEIVABLES> 178,318 <ALLOWANCES> 122,350 <INVENTORY> 0 <CURRENT-ASSETS> 1,534,846 <PP&E> 38,595,857 <DEPRECIATION> 13,184,260 <TOTAL-ASSETS> 29,004,960 <CURRENT-LIABILITIES> 2,247,309 <BONDS> 27,442,267 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 29,004,960 <SALES> 0 <TOTAL-REVENUES> 6,105,472 <CGS> 0 <TOTAL-COSTS> 3,191,989 <OTHER-EXPENSES> 1,500,977 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,247,944 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (835,438) <EPS-PRIMARY> (15.41) <EPS-DILUTED> 0