<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 436,256 <SECURITIES> 0 <RECEIVABLES> 224,272 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 26,617,482 <DEPRECIATION> 6,017,284 <TOTAL-ASSETS> 21,841,605 <CURRENT-LIABILITIES> 0 <BONDS> 16,513,054 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,867,054 <TOTAL-LIABILITY-AND-EQUITY> 21,841,605 <SALES> 0 <TOTAL-REVENUES> 3,103,638 <CGS> 0 <TOTAL-COSTS> 1,698,809 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,373,559 <INCOME-PRETAX> 31,270 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 31,270 <EPS-PRIMARY> 2.06 <EPS-DILUTED> 2.06