<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,713,473 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 29,426,636 <DEPRECIATION> 12,927,435 <TOTAL-ASSETS> 18,395,793 <CURRENT-LIABILITIES> 532,734 <BONDS> 11,498,601 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 6,364,458 <TOTAL-LIABILITY-AND-EQUITY> 18,395,793 <SALES> 1,124,991 <TOTAL-REVENUES> 1,134,359 <CGS> 0 <TOTAL-COSTS> 540,321 <OTHER-EXPENSES> 301,393 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 223,515 <INCOME-PRETAX> 69,130 <INCOME-TAX> 0 <INCOME-CONTINUING> 69,130 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 69,130 <EPS-PRIMARY> 0.78 <EPS-DILUTED> 0.78