<ARTICLE> 5

                                                               
<PERIOD-TYPE>                                 3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-1998
<PERIOD-END>                               MAR-31-1999             MAR-31-1998
<CASH>                                       1,183,000                 121,100
<SECURITIES>                                         0                       0
<RECEIVABLES>                                  569,000                 445,000
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                             2,543,000               1,398,000
<PP&E>                                      34,713,000              32,354,000
<DEPRECIATION>                                  23,000                  17,000
<TOTAL-ASSETS>                              37,696,000              34,324,000
<CURRENT-LIABILITIES>                        5,570,000               1,685,000
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                        4,938,000               4,850,000
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                  26,978,000              27,579,000
<TOTAL-LIABILITY-AND-EQUITY>                37,696,000              34,324,000
<SALES>                                              0                       0
<TOTAL-REVENUES>                               406,000                 202,000
<CGS>                                                0                       0
<TOTAL-COSTS>                                  438,000                 882,000
<OTHER-EXPENSES>                               503,000                 332,000
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                              54,000                       0
<INCOME-PRETAX>                              (589,000)             (1,012,000)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                          (589,000)             (1,012,000)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 (589,000)             (1,012,000)
<EPS-BASIC>                                    (.69)                  (1.25)
<EPS-DILUTED>                                    (.69)                  (1.25)