<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 4,397,852 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,397,852 <PP&E> 54,967,055 <DEPRECIATION> 12,161,762 <TOTAL-ASSETS> 53,312,009 <CURRENT-LIABILITIES> 2,476,545 <BONDS> 17,953,323 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 32,882,141 <TOTAL-LIABILITY-AND-EQUITY> 53,312,009 <SALES> 0 <TOTAL-REVENUES> 12,706,396 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,047,987 <LOSS-PROVISION> 226,512 <INTEREST-EXPENSE> 1,868,189 <INCOME-PRETAX> 3,435,066 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,435,066 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,435,066 <EPS-PRIMARY> 71.42 <EPS-DILUTED> 71.42