<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,995,020 <SECURITIES> 0 <RECEIVABLES> 228,134 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 55,444,299 <DEPRECIATION> (32,704,249) <TOTAL-ASSETS> 31,925,517 <CURRENT-LIABILITIES> 0 <BONDS> 39,144,441 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 31,925,517 <SALES> 3,750,149 <TOTAL-REVENUES> 3,776,043 <CGS> 0 <TOTAL-COSTS> 2,529,960 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 946,646 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 299,437 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 299,437 <EPS-PRIMARY> 0 <EPS-DILUTED> 0