<ARTICLE> 5 <PERIOD-TYPE> 12-mos <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-END> Dec-31-1997 <CASH> 1,388,845 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 21,605,442 <DEPRECIATION> 11,022,393 <TOTAL-ASSETS> 12,494,742 <CURRENT-LIABILITIES> 456,044 <BONDS> 9,830,261 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 2,208,437 <TOTAL-LIABILITY-AND-EQUITY> 12,494,742 <SALES> 3,196,975 <TOTAL-REVENUES> 3,299,487 <CGS> 0 <TOTAL-COSTS> 1,520,450 <OTHER-EXPENSES> 946,415 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 840,832 <INCOME-PRETAX> (8,210) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (8,210) <EPS-PRIMARY> (.10) <EPS-DILUTED> (.10)