<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 2,311,883 <SECURITIES> 0 <RECEIVABLES> 152,630 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 37,255,569 <DEPRECIATION> (16,086,611) <TOTAL-ASSETS> 24,880,921 <CURRENT-LIABILITIES> 0 <BONDS> 22,631,014 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (3,858,400) <TOTAL-LIABILITY-AND-EQUITY> 24,880,921 <SALES> 3,199,384 <TOTAL-REVENUES> 3,253,259 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,772,936 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,044,825 <INCOME-PRETAX> (564,502) <INCOME-TAX> 0 <INCOME-CONTINUING> (564,502) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (564,502) <EPS-PRIMARY> 0 <EPS-DILUTED> 0