<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 7,284,092 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,284,092 <PP&E> 33,185,708 <DEPRECIATION> 0 <TOTAL-ASSETS> 40,469,800 <CURRENT-LIABILITIES> 140,819 <BONDS> 1,293,112 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 39,035,869 <TOTAL-LIABILITY-AND-EQUITY> 40,469,800 <SALES> 1,145,069 <TOTAL-REVENUES> 1,248,721 <CGS> 365,717 <TOTAL-COSTS> 365,717 <OTHER-EXPENSES> 437,949 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 445,055 <INCOME-TAX> 0 <INCOME-CONTINUING> 445,055 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 445,055 <EPS-PRIMARY> 5.35 <EPS-DILUTED> 5.35