<ARTICLE> 5 <PERIOD-TYPE> 9-mos <FISCAL-YEAR-END> Nov-30-1997 <PERIOD-END> Aug-31-1997 <CASH> 1,018,227 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 28,497,544 <DEPRECIATION> 11,167,982 <TOTAL-ASSETS> 18,460,969 <CURRENT-LIABILITIES> 476,655 <BONDS> 8,329,609 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 9,654,705 <TOTAL-LIABILITY-AND-EQUITY> 18,460,969 <SALES> 0 <TOTAL-REVENUES> 2,706,920 <CGS> 0 <TOTAL-COSTS> 1,313,253 <OTHER-EXPENSES> 813,910 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 553,449 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 26,308 <EPS-PRIMARY> .30 <EPS-DILUTED> .30