<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> NOV-30-1998 <PERIOD-START> DEC-01-1997 <PERIOD-END> AUG-31-1998 <CASH> 985,797 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 28,324,183 <DEPRECIATION> 11,833,274 <TOTAL-ASSETS> 17,618,732 <CURRENT-LIABILITIES> 573,223 <BONDS> 8,191,266 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 8,854,243 <TOTAL-LIABILITY-AND-EQUITY> 17,618,732 <SALES> 2,733,857 <TOTAL-REVENUES> 2,746,565 <CGS> 0 <TOTAL-COSTS> 1,356,044 <OTHER-EXPENSES> 892,023 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 543,843 <INCOME-PRETAX> (45,345) <INCOME-TAX> 0 <INCOME-CONTINUING> (45,345) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (45,345) <EPS-PRIMARY> (0.56) <EPS-DILUTED> (0.56)