<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 5,841,105 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 186,917 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 79,780,807 <DEPRECIATION> (41,385,567) <TOTAL-ASSETS> 52,119,504 <CURRENT-LIABILITIES> 0 <BONDS> 58,998,153 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 52,119,504 <SALES> 4,108,035 <TOTAL-REVENUES> 4,184,080 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,235,843 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,291,678 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (343,441) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (343,441) <EPS-PRIMARY> 0 <EPS-DILUTED> 0