<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 437,081 <SECURITIES> 0 <RECEIVABLES> 219,865 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 26,694,009 <DEPRECIATION> 6,310,890 <TOTAL-ASSETS> 21,591,172 <CURRENT-LIABILITIES> 0 <BONDS> 16,420,511 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 4,789,234 <TOTAL-LIABILITY-AND-EQUITY> 21,591,172 <SALES> 0 <TOTAL-REVENUES> 1,537,292 <CGS> 0 <TOTAL-COSTS> 839,389 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 675,721 <INCOME-PRETAX> 22,182 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 22,182 <EPS-BASIC> 1.46 <EPS-DILUTED> 0