<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 3,188,257 <SECURITIES> 0 <RECEIVABLES> 74,629 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 6,892,667 <DEPRECIATION> (1,435,080) <TOTAL-ASSETS> 13,189,106 <CURRENT-LIABILITIES> 0 <BONDS> 2,715,909 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 9,996,414 <TOTAL-LIABILITY-AND-EQUITY> 13,189,106 <SALES> 1,413,050 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,588,248 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 249,920 <INCOME-PRETAX> 116,736 <INCOME-TAX> 0 <INCOME-CONTINUING> 116,736 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 116,736 <EPS-PRIMARY> 0 <EPS-DILUTED> 0