<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 1,768,249 <SECURITIES> 0 <RECEIVABLES> 242,360 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 81,381,686 <DEPRECIATION> (44,160,334) <TOTAL-ASSETS> 42,666,395 <CURRENT-LIABILITIES> 0 <BONDS> 54,859,073 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 42,666,935 <SALES> 16,327,181 <TOTAL-REVENUES> 18,046,806 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 12,488,543 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,166,392 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 391,871 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 391,871 <EPS-PRIMARY> 0 <EPS-DILUTED> 0