<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> SEP-30-1995 <CASH> 1,470,425 <SECURITIES> 2,290,229 <RECEIVABLES> 20,110,948 <ALLOWANCES> 189,315 <INVENTORY> 0 <CURRENT-ASSETS> 8,185,162 <PP&E> 23,818,745 <DEPRECIATION> 4,920,037 <TOTAL-ASSETS> 49,943,411 <CURRENT-LIABILITIES> 4,391,358 <BONDS> 32,292,718 <COMMON> 353,756 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 9,855,750 <TOTAL-LIABILITY-AND-EQUITY> 49,943,411 <SALES> 0 <TOTAL-REVENUES> 9,085,960 <CGS> 0 <TOTAL-COSTS> 4,254,799 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,002,177 <INCOME-PRETAX> 1,407,170 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,407,170 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,407,170 <EPS-PRIMARY> .40 <EPS-DILUTED> .40