<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> NOV-30-1997 <PERIOD-END> NOV-30-1997 <CASH> 906,667 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 28,283,346 <DEPRECIATION> 11,223,921 <TOTAL-ASSETS> 18,075,385 <CURRENT-LIABILITIES> 482,826 <BONDS> 8,292,972 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 9,299,587 <TOTAL-LIABILITY-AND-EQUITY> 18,075,385 <SALES> 3,593,135 <TOTAL-REVENUES> 3,632,056 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,091,166 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 736,373 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (195,483) <EPS-PRIMARY> (2.42) <EPS-DILUTED> (2.42)