<ARTICLE> 5 <PERIOD-TYPE> 12-mos <FISCAL-YEAR-END> dec-31-1999 <PERIOD-END> dec-31-1999 <CASH> 3,330,065 <SECURITIES> 0 <RECEIVABLES> 2,772,627 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 67,961,144 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 44,820,397 <TOTAL-LIABILITY-AND-EQUITY> 67,961,144 <SALES> 0 <TOTAL-REVENUES> 17,064,600 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 9,810,555 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,055,475 <INCOME-PRETAX> 5,198,570 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,198,570 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,198,570 <EPS-BASIC> 0 <EPS-DILUTED> 0