<ARTICLE>                                          5
       
                                                  
<PERIOD-TYPE>                                      YEAR
<FISCAL-YEAR-END>                                  DEC-31-1996
<PERIOD-END>                                       DEC-31-1996
<CASH>                                                       1,917,349
<SECURITIES>                                                         0
<RECEIVABLES>                                                2,889,713
<ALLOWANCES>                                                         0
<INVENTORY>                                                          0
<CURRENT-ASSETS>                                                     0
<PP&E>                                                               0
<DEPRECIATION>                                                       0
<TOTAL-ASSETS>                                             130,546,718
<CURRENT-LIABILITIES>                                                0
<BONDS>                                                              0
<PREFERRED-MANDATORY>                                                0
<PREFERRED>                                                          0
<COMMON>                                                             0
<OTHER-SE>                                                  76,545,683
<TOTAL-LIABILITY-AND-EQUITY>                               130,546,718
<SALES>                                                              0
<TOTAL-REVENUES>                                            24,987,922
<CGS>                                                                0
<TOTAL-COSTS>                                                        0
<OTHER-EXPENSES>                                            18,078,838
<LOSS-PROVISION>                                               255,294
<INTEREST-EXPENSE>                                           3,962,860
<INCOME-PRETAX>                                              2,690,930
<INCOME-TAX>                                                         0
<INCOME-CONTINUING>                                          2,690,930
<DISCONTINUED>                                                       0
<EXTRAORDINARY>                                                160,955
<CHANGES>                                                            0
<NET-INCOME>                                                 2,851,885
<EPS-PRIMARY>                                                        0
<EPS-DILUTED>                                                        0