<ARTICLE> 5 <PERIOD-TYPE> 12-mos <FISCAL-YEAR-END> dec-31-2000 <PERIOD-END> dec-31-2000 <CASH> 2,484,785 <SECURITIES> 0 <RECEIVABLES> 5,339,569 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 198,832,652 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 101,338,501 <TOTAL-LIABILITY-AND-EQUITY> 198,832,652 <SALES> 0 <TOTAL-REVENUES> 31,047,485 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 25,988,075 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,365,041 <INCOME-PRETAX> (2,305,631) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,305,631) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,305,631) <EPS-BASIC> 0 <EPS-DILUTED> 0