<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> DEC-31-2000 <CASH> 5,020,971 <SECURITIES> 0 <RECEIVABLES> 1,239,108 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 146,785,550 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 72,778,072 <TOTAL-LIABILITY-AND-EQUITY> 146,785,550 <SALES> 0 <TOTAL-REVENUES> 5,902,794 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,288,210 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,522,340 <INCOME-PRETAX> (907,756) <INCOME-TAX> 0 <INCOME-CONTINUING> (907,756) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (907,756) <EPS-BASIC> 0 <EPS-DILUTED> 0