<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST QUARTER 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 10-Q. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 768,122 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 20,635,551 <DEPRECIATION> 7,908,172 <TOTAL-ASSETS> 15,356,308 <CURRENT-LIABILITIES> 1,463,601 <BONDS> 6,754,703 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,138,004 <TOTAL-LIABILITY-AND-EQUITY> 15,356,308 <SALES> 0 <TOTAL-REVENUES> 2,800,132 <CGS> 0 <TOTAL-COSTS> 2,266,347 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 149,729 <INCOME-PRETAX> 384,056 <INCOME-TAX> 0 <INCOME-CONTINUING> 384,056 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 384,056 <EPS-PRIMARY> 0.43 <EPS-DILUTED> 0.43