<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 362,069 <SECURITIES> 0 <RECEIVABLES> 62,964 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 468,601 <PP&E> 23,534,879 <DEPRECIATION> (1,188,876) <TOTAL-ASSETS> 24,433,957 <CURRENT-LIABILITIES> 861,089 <BONDS> 6,010,017 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 17,562,851 <TOTAL-LIABILITY-AND-EQUITY> 24,433,957 <SALES> 0 <TOTAL-REVENUES> 1,900,180 <CGS> 0 <TOTAL-COSTS> 2,256,408 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 625,591 <INCOME-PRETAX> (981,819) <INCOME-TAX> 0 <INCOME-CONTINUING> (981,819) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (981,819) <EPS-BASIC> (0.10) <EPS-DILUTED> (0.10)