<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 2,785,700 <SECURITIES> 0 <RECEIVABLES> 167,351 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,953,051 <PP&E> 27,995,535 <DEPRECIATION> 11,543,276 <TOTAL-ASSETS> 19,405,310 <CURRENT-LIABILITIES> 306,390 <BONDS> 8,305,463 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 10,793,457 <TOTAL-LIABILITY-AND-EQUITY> 19,405,310 <SALES> 0 <TOTAL-REVENUES> 1,048,551 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 711,339 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 188,053 <INCOME-PRETAX> 149,159 <INCOME-TAX> 0 <INCOME-CONTINUING> 149,159 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 149,159 <EPS-PRIMARY> 0 <EPS-DILUTED> 0