<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET OF THE REGISTRANT AS OF APRIL 30, 1999 AND JANUARY 31, 1999 AND THE
STATEMENTS OF OPERATIONS OF THE REGISTRANT FOR THE THREE MONTHS ENDED APRIL 30,
1999 AND 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.


                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JAN-31-2000
<PERIOD-START>                             FEB-01-1999
<PERIOD-END>                               APR-30-1999
<CASH>                                         838,856
<SECURITIES>                                         0
<RECEIVABLES>                                2,570,687
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                      65,506,764
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              68,916,307
<CURRENT-LIABILITIES>                                0
<BONDS>                                     58,777,345
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  10,138,962
<TOTAL-LIABILITY-AND-EQUITY>                68,916,307
<SALES>                                              0
<TOTAL-REVENUES>                             3,284,978
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             1,511,723
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             779,967
<INCOME-PRETAX>                                379,307
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            379,307
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   379,307
<EPS-BASIC>                                        .16
<EPS-DILUTED>                                      .10