<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <CASH> 6,493,324 <SECURITIES> 0 <RECEIVABLES> 1,741,123 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 76,592,052 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 49,748,015 <TOTAL-LIABILITY-AND-EQUITY> 76,592,052 <SALES> 0 <TOTAL-REVENUES> 8,847,764 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,129,994 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,091,068 <INCOME-PRETAX> 2,626,702 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,626,702 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,626,702 <EPS-BASIC> 0 <EPS-DILUTED> 0