<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,053,832 <SECURITIES> 0 <RECEIVABLES> 2,016,476 <ALLOWANCES> (572,392) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 60,789,395 <DEPRECIATION> (22,325,561) <TOTAL-ASSETS> 46,629,016 <CURRENT-LIABILITIES> 0 <BONDS> 21,724,986 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 46,629,016 <SALES> 2,282,739 <TOTAL-REVENUES> 2,308,122 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,084,234 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 438,260 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (214,372) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (214,372) <EPS-PRIMARY> 0 <EPS-DILUTED> 0