<ARTICLE> 5

                                                               
<PERIOD-TYPE>                              3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000             DEC-31-1999
<PERIOD-END>                               MAR-31-2000             MAR-31-1999
<CASH>                                         238,000                  23,000
<SECURITIES>                                         0                       0
<RECEIVABLES>                                  814,000                  23,000
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                             1,173,000                 735,000
<PP&E>                                      45,497,000              38,251,000
<DEPRECIATION>                                  44,000                  39,000
<TOTAL-ASSETS>                              51,355,000              41,303,000
<CURRENT-LIABILITIES>                        1,389,000               3,676,000
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                        5,288,000               5,200,000
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                  21,551,000              22,851,000
<TOTAL-LIABILITY-AND-EQUITY>                51,355,000              41,303,000
<SALES>                                              0                       0
<TOTAL-REVENUES>                               395,000                 250,000
<CGS>                                                0                       0
<TOTAL-COSTS>                                (768,000)               (438,000)
<OTHER-EXPENSES>                           (1,131,000)               (347,000)
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                           (889,000)                (54,000)
<INCOME-PRETAX>                            (2,393,000)               (589,000)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                        (2,393,000)               (589,000)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                               (2,393,000)               (589,000)
<EPS-BASIC>                                     (2.53)                  (0.69)
<EPS-DILUTED>                                   (2.53)                  (0.69)