<ARTICLE> 5 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> Nov-30-1997 <PERIOD-END> Feb-28-1997 <CASH> 1,078,204 <SECURITIES> 000 <RECEIVABLES> 000 <ALLOWANCES> 000 <INVENTORY> 000 <CURRENT-ASSETS> 000 <PP&E> 28,232,433 <DEPRECIATION> 10,728,627 <TOTAL-ASSETS> 18,739,034 <CURRENT-LIABILITIES> 424,919 <BONDS> 8,400,528 <COMMON> 000 <PREFERRED-MANDATORY> 000 <PREFERRED> 000 <OTHER-SE> 9,913,587 <TOTAL-LIABILITY-AND-EQUITY> 18,739,034 <SALES> 000 <TOTAL-REVENUES> 900,013 <CGS> 000 <TOTAL-COSTS> 420,177 <OTHER-EXPENSES> 276,067 <LOSS-PROVISION> 000 <INTEREST-EXPENSE> 185,246 <INCOME-PRETAX> 000 <INCOME-TAX> 000 <INCOME-CONTINUING> 000 <DISCONTINUED> 000 <EXTRAORDINARY> 000 <CHANGES> 000 <NET-INCOME> 18,523 <EPS-PRIMARY> .21 <EPS-DILUTED> .21