<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 3,616,730 <SECURITIES> 0 <RECEIVABLES> 74,463 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 6,829,696 <DEPRECIATION> (1,262,461) <TOTAL-ASSETS> 13,854,639 <CURRENT-LIABILITIES> 0 <BONDS> 2,738,970 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 10,610,789 <TOTAL-LIABILITY-AND-EQUITY> 13,854,639 <SALES> 708,567 <TOTAL-REVENUES> 974,348 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 717,713 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 125,499 <INCOME-PRETAX> 131,136 <INCOME-TAX> 0 <INCOME-CONTINUING> 131,136 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 131,136 <EPS-PRIMARY> 0 <EPS-DILUTED> 0