<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> 257,905 <SECURITIES> 0 <RECEIVABLES> 123,152 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 26,440,979 <DEPRECIATION> 5,413,087 <TOTAL-ASSETS> 22,051,864 <CURRENT-LIABILITIES> 0 <BONDS> 16,683,574 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,835,784 <TOTAL-LIABILITY-AND-EQUITY> 22,051,864 <SALES> 0 <TOTAL-REVENUES> 3,046,796 <CGS> 0 <TOTAL-COSTS> 1,715,954 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,602,762 <INCOME-PRETAX> (271,920) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (271,920) <EPS-PRIMARY> (17.90) <EPS-DILUTED> (17.90)