<ARTICLE> 5

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
INCLUDED IN SUCH REPORT.
</LEGEND>


       
                   
<PERIOD-TYPE>         3-MOS
<FISCAL-YEAR-END>     DEC-31-1998
<PERIOD-END>          MAR-31-1998

<CASH>                      17,843,062 
<SECURITIES>                      0    
<RECEIVABLES>                  108,038 
<ALLOWANCES>                      0    
<INVENTORY>                       0    
<CURRENT-ASSETS>            17,951,100 
<PP&E>                      43,146,694 
<DEPRECIATION>                    0    
<TOTAL-ASSETS>              65,549,656 
<CURRENT-LIABILITIES>        2,594,888 
<BONDS>                     40,499,456 
<COMMON>                          0    
<PREFERRED-MANDATORY>             0    
<PREFERRED>                       0    
<OTHER-SE>                  17,093,119 
<TOTAL-LIABILITY-AND-EQUITY>65,549,656 
<SALES>                      2,408,056 
<TOTAL-REVENUES>             2,762,087 
<CGS>                             0    
<TOTAL-COSTS>                  757,853 
<OTHER-EXPENSES>               137,776 
<LOSS-PROVISION>                  0    
<INTEREST-EXPENSE>           1,230,213 
<INCOME-PRETAX>                636,245 
<INCOME-TAX>                      0    
<INCOME-CONTINUING>            605,448 
<DISCONTINUED>               7,103,609 
<EXTRAORDINARY>              5,235,541 
<CHANGES>                         0    
<NET-INCOME>                12,944,598 
<EPS-PRIMARY>                    91.18 
<EPS-DILUTED>                    91.18