<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 1,629,136 <SECURITIES> 0 <RECEIVABLES> 220,045 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 32,557,835 <DEPRECIATION> (14,333,588) <TOTAL-ASSETS> 24,101,756 <CURRENT-LIABILITIES> 0 <BONDS> 22,573,275 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (4,141,543) <TOTAL-LIABILITY-AND-EQUITY> 24,101,756 <SALES> 4,807,997 <TOTAL-REVENUES> 4,888,164 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,146,571 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,589,238 <INCOME-PRETAX> (847,645) <INCOME-TAX> 0 <INCOME-CONTINUING> (847,645) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (847,645) <EPS-PRIMARY> 0 <EPS-DILUTED> 0