<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 2,872,819 <SECURITIES> 0 <RECEIVABLES> 1,481,967 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 60,965,602 <DEPRECIATION> (22,999,528) <TOTAL-ASSETS> 46,533,534 <CURRENT-LIABILITIES> 0 <BONDS> 21,632,470 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 46,533,534 <SALES> 4,531,845 <TOTAL-REVENUES> 4,616,120 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,099,323 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 873,758 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (356,961) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (356,961) <EPS-PRIMARY> 0 <EPS-DILUTED> 0