<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 5,143,687 <SECURITIES> 0 <RECEIVABLES> 412,917 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 40,808,464 <DEPRECIATION> (19,889,055) <TOTAL-ASSETS> 32,996,783 <CURRENT-LIABILITIES> 0 <BONDS> 25,356,989 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 32,996,783 <SALES> 4,663,282 <TOTAL-REVENUES> 6,973,740 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,268,459 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,263,872 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,441,409 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,441,409 <EPS-PRIMARY> 0 <EPS-DILUTED> 0