<ARTICLE> 5 <PERIOD-TYPE> 12-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1994 DEC-31-1995 <PERIOD-END> DEC-31-1994 MAR-31-1995 <CASH> 3,313,765 2,192,808 <SECURITIES> 0 0 <RECEIVABLES> 353,969 310,993 <ALLOWANCES> (36,410) (5,629) <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 78,020,212 78,151,239 <DEPRECIATION> (37,105,195) (37,939,708) <TOTAL-ASSETS> 60,189,348 58,266,224 <CURRENT-LIABILITIES> 0 0 <BONDS> 68,152,522 65,651,408 <COMMON> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <OTHER-SE> 0 0 <TOTAL-LIABILITY-AND-EQUITY> 60,189,348 58,266,224 <SALES> 21,295,696 4,684,000 <TOTAL-REVENUES> 27,701,373 4,717,715 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 16,698,851 3,754,276 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 7,781,588 1,765,537 <INCOME-PRETAX> 3,220,934 (802,098) <INCOME-TAX> 0 0 <INCOME-CONTINUING> 3,220,934 (802,098) <DISCONTINUED> 0 0 <EXTRAORDINARY> 246,149 1,838,192 <CHANGES> 0 0 <NET-INCOME> 3,467,083 1,036,094 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0