<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> APR-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 1,444,882 <SECURITIES> 0 <RECEIVABLES> 307,882 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,752,764 <PP&E> 33,425,817 <DEPRECIATION> (293,104) <TOTAL-ASSETS> 35,445,110 <CURRENT-LIABILITIES> 361,470 <BONDS> 9,651,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 25,432,640 <TOTAL-LIABILITY-AND-EQUITY> 35,445,110 <SALES> 853,738 <TOTAL-REVENUES> 875,638 <CGS> 0 <TOTAL-COSTS> 134,087 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 199,187 <INCOME-PRETAX> 542,364 <INCOME-TAX> 0 <INCOME-CONTINUING> 542,364 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 542,364 <EPS-BASIC> 0 <EPS-DILUTED> 0