<ARTICLE>                                              5

                                                    
<PERIOD-TYPE>                                          9-MOS
<FISCAL-YEAR-END>                                      DEC-31-1999
<PERIOD-END>                                           SEP-30-1999
<CASH>                                                      14,082
<SECURITIES>                                                     0
<RECEIVABLES>                                              291,506
<ALLOWANCES>                                                     0
<INVENTORY>                                                      0
<CURRENT-ASSETS>                                                 0
<PP&E>                                                 174,940,193
<DEPRECIATION>                                          25,502,738
<TOTAL-ASSETS>                                         152,919,678
<CURRENT-LIABILITIES>                                            0
<BONDS>                                                 91,086,213
<COMMON>                                                       436
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<OTHER-SE>                                              52,288,059
<TOTAL-LIABILITY-AND-EQUITY>                           152,919,678
<SALES>                                                          0
<TOTAL-REVENUES>                                        16,246,021
<CGS>                                                            0
<TOTAL-COSTS>                                            6,180,421
<OTHER-EXPENSES>                                                 0
<LOSS-PROVISION>                                                 0
<INTEREST-EXPENSE>                                       4,237,986
<INCOME-PRETAX>                                                  0
<INCOME-TAX>                                                     0
<INCOME-CONTINUING>                                              0
<DISCONTINUED>                                                   0
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                             5,101,982
<EPS-BASIC>                                                 1.17
<EPS-DILUTED>                                                 1.17