<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 1,615,604 <SECURITIES> 0 <RECEIVABLES> 591,903 <ALLOWANCES> (41,151) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 21,858,487 <DEPRECIATION> (8,887,172) <TOTAL-ASSETS> 23,771,150 <CURRENT-LIABILITIES> 0 <BONDS> 5,421,763 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 17,981,105 <TOTAL-LIABILITY-AND-EQUITY> 23,771,150 <SALES> 4,136,447 <TOTAL-REVENUES> 4,307,736 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,788,553 <LOSS-PROVISION> 700,000 <INTEREST-EXPENSE> 427,365 <INCOME-PRETAX> (608,182) <INCOME-TAX> 0 <INCOME-CONTINUING> (608,182) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (608,182) <EPS-PRIMARY> 0 <EPS-DILUTED> 0