<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 9,050 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 123,366 <PP&E> 3,972,805 <DEPRECIATION> 342,291 <TOTAL-ASSETS> 3,762,930 <CURRENT-LIABILITIES> 144,720 <BONDS> 2,177,071 <PREFERRED-MANDATORY> 0 <PREFERRED> 430,000 <COMMON> 102,616 <OTHER-SE> 801,397 <TOTAL-LIABILITY-AND-EQUITY> 3,762,930 <SALES> 463,745 <TOTAL-REVENUES> 465,376 <CGS> 0 <TOTAL-COSTS> 185,865 <OTHER-EXPENSES> 110,649 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 116,011 <INCOME-PRETAX> 80,416 <INCOME-TAX> 0 <INCOME-CONTINUING> 80,416 <DISCONTINUED> 0 <EXTRAORDINARY> 343 <CHANGES> 0 <NET-INCOME> 80,759 <EPS-BASIC> .50 <EPS-DILUTED> .50