<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> MAR-31-2000 <CASH> 3,161,637 <SECURITIES> 0 <RECEIVABLES> 30,123 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,191,760 <PP&E> 4,237,723 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,429,483 <CURRENT-LIABILITIES> 145,094 <BONDS> 4,464,067 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 2,820,322 <TOTAL-LIABILITY-AND-EQUITY> 7,429,483 <SALES> 171,728 <TOTAL-REVENUES> 275,662 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 141,708 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 133,954 <INCOME-TAX> 0 <INCOME-CONTINUING> 133,954 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 133,954 <EPS-BASIC> 1.40 <EPS-DILUTED> 1.40