<ARTICLE> 5 <LEGEND> Unaudited. </LEGEND> <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 407,049 <SECURITIES> 1,969,424 <RECEIVABLES> 56,288 <ALLOWANCES> 40,245 <INVENTORY> 0 <CURRENT-ASSETS> 1,247,025 <PP&E> 38,230,224 <DEPRECIATION> 11,327,217 <TOTAL-ASSETS> 30,119,456 <CURRENT-LIABILITIES> 2,127,697 <BONDS> 27,556,918 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 30,119,456 <SALES> 0 <TOTAL-REVENUES> 3,075,641 <CGS> 0 <TOTAL-COSTS> 1,514,920 <OTHER-EXPENSES> 621,671 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,200,718 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 90,559 <EPS-PRIMARY> 1.67 <EPS-DILUTED> 0