<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 722,927 <SECURITIES> 0 <F1> <RECEIVABLES> 83,706 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 12,155,434 <F2> <DEPRECIATION> 3,154,770 <TOTAL-ASSETS> 10,201,549 <CURRENT-LIABILITIES> 262,740 <BONDS> 6,251,189 <F3> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,719,639 <F4> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 10,201,549 <SALES> 0 <TOTAL-REVENUES> 833,621 <F5> <CGS> 0 <TOTAL-COSTS> 414,947 <F6> <OTHER-EXPENSES> 734,127 <F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 274,636 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (590,089) <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1> "SECURITIES" REPRESENTS INVESTMENT IN JOINT VENTURE <F2> "PP&E" REPRESENTS INVESTMENT IN REAL ESTATE [LAND AND BUILDING] <F3> "BONDS" REPRESENTS MORTGAGES PAYABLE <F4> "COMMON" REPRESENTS TOTAL PARTNERS CAPITAL <F5> "TOTAL REVENUES" REPRESENTS RENTAL, INTEREST, AND OTHER INCOME <F6> "TOTAL COSTS" REPRESENTS TOTAL EXPENSES LESS INTEREST EXPENSE <F7> "OTHER EXPENSES" REPRESENTS INTEREST IN JOINT VENTURES' NET INCOME/LOSS </FN>