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Exhibit 12.1

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends:

	Nine Months Ended September 30,					Year Ended December 31,
	2003(1)			2002		2002(1)			2001		2000		1999		1998(1)
Earnings:
Net (loss)/income	$	(728,555	)	$	926,717	$	(157,274	)	$	1,488,493	$	2,676,724	$	968,748	$	(317,406	)
Add: interest expense		5,408,007			2,774,083		4,144,231			3,181,697		2,167,869		1,696,222		1,357,565
Earnings as adjusted	$	4,679,452		$	3,700,800	$	3,986,957		$	4,670,190	$	4,844,593	$	2,664,970	$	1,040,159
Combined Fixed Charges and Preferred Share Dividends:
Interest expense	$	5,408,007		$	2,774,083	$	4,144,231		$	3,181,697	$	2,167,869	$	1,696,222	$	1,357,565
Preferred share dividends		—			—		—			—		—		—		—
Total	$	5,408,007		$	2,774,083	$	4,144,231		$	3,181,697	$	2,167,869	$	1,696,222	$	1,357,565
Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends		0.87			1.33		0.96			1.47		2.23		1.57		0.77

(1)

Earnings were inadequate to cover fixed costs by $728,555 for the nine months ended September 30, 2003, and by $157,274 and $317,406 for the years ended December 31, 2002 and 1998, respectively.

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Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Share Dividends