<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 1,903,902 <SECURITIES> 0 <RECEIVABLES> 385,721 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 40,608,707 <DEPRECIATION> (18,951,741) <TOTAL-ASSETS> 34,188,885 <CURRENT-LIABILITIES> 0 <BONDS> 27,423,689 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 34,188,885 <SALES> 9,429,880 <TOTAL-REVENUES> 9,536,634 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,973,469 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,682,467 <INCOME-PRETAX> (119,302) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (119,302) <EPS-PRIMARY> 0 <EPS-DILUTED> 0