<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 1,569,766 <SECURITIES> 0 <RECEIVABLES> 210,380 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 82,003,285 <DEPRECIATION> (46,095,252) <TOTAL-ASSETS> 41,161,297 <CURRENT-LIABILITIES> 0 <BONDS> 54,536,769 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 41,161,297 <SALES> 7,643,461 <TOTAL-REVENUES> 7,693,269 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,135,241 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,416,622 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (858,594) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (858,594) <EPS-PRIMARY> 0 <EPS-DILUTED> 0