<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET OF THE REGISTRANT AS OF JANUARY 31, 2000 AND 1999 AND THE STATEMENTS OF
OPERATIONS OF THE REGISTRANT FOR THE THREE YEARS ENDED JANUARY 31, 2000 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-2000
<PERIOD-START>                             FEB-01-1999
<PERIOD-END>                               JAN-31-2000
<CASH>                                         208,109
<SECURITIES>                                         0
<RECEIVABLES>                                  618,063
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0<F1>
<PP&E>                                      64,479,347
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              65,305,519
<CURRENT-LIABILITIES>                                0<F1>
<BONDS>                                     56,674,253
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   8,631,266
<TOTAL-LIABILITY-AND-EQUITY>                65,305,519
<SALES>                                              0
<TOTAL-REVENUES>                             9,546,181
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                            11,555,658
<LOSS-PROVISION>                             1,945,732
<INTEREST-EXPENSE>                           3,340,568
<INCOME-PRETAX>                              (951,811)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (951,811)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (951,811)
<EPS-BASIC>                                      (.40)
<EPS-DILUTED>                                    (.40)
<FN>
<F1>THE REGISTRANT UTILIZES AN UNCLASSIFIED BALANCE SHEET THEREFORE THE CAPTIONS
"TOTAL CURRENT ASSETS" AND "TOTAL CURRENT LIABILITIES" ARE NOT APPLICABLE.
</FN>