<ARTICLE>                                           5
                                                     
                                                   
<PERIOD-TYPE>                                       12-mos
<FISCAL-YEAR-END>                                   dec-31-1998
<PERIOD-END>                                        dec-31-1998
<CASH>                                                      8,872,945
<SECURITIES>                                                        0
<RECEIVABLES>                                               2,050,366
<ALLOWANCES>                                                        0
<INVENTORY>                                                         0
<CURRENT-ASSETS>                                                    0
<PP&E>                                                              0
<DEPRECIATION>                                                      0
<TOTAL-ASSETS>                                             86,671,855
<CURRENT-LIABILITIES>                                               0
<BONDS>                                                             0
<PREFERRED-MANDATORY>                                               0
<PREFERRED>                                                         0
<COMMON>                                                            0
<OTHER-SE>                                                 54,621,053
<TOTAL-LIABILITY-AND-EQUITY>                               86,671,855
<SALES>                                                             0
<TOTAL-REVENUES>                                           22,011,168
<CGS>                                                               0
<TOTAL-COSTS>                                                       0
<OTHER-EXPENSES>                                           14,355,781
<LOSS-PROVISION>                                               55,409
<INTEREST-EXPENSE>                                          2,738,745
<INCOME-PRETAX>                                             4,861,233
<INCOME-TAX>                                                        0
<INCOME-CONTINUING>                                         4,861,233
<DISCONTINUED>                                                      0
<EXTRAORDINARY>                                                     0
<CHANGES>                                                           0
<NET-INCOME>                                                4,861,233
<EPS-PRIMARY>                                                       0
<EPS-DILUTED>                                                       0