<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 3,256,746 <SECURITIES> 0 <RECEIVABLES> 1,468,959 <ALLOWANCES> (677,123) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 71,301,477 <DEPRECIATION> (32,569,829) <TOTAL-ASSETS> 44,105,856 <CURRENT-LIABILITIES> 0 <BONDS> 7,381,507 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 33,981,321 <TOTAL-LIABILITY-AND-EQUITY> 44,105,856 <SALES> 9,494,477 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,299,636 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,000,219 <INCOME-PRETAX> (2,577,600) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,577,600) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,577,600) <EPS-PRIMARY> 0 <EPS-DILUTED> 0