<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 367,914 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 29,649,739 <DEPRECIATION> 4,900,913 <TOTAL-ASSETS> 25,401,554 <CURRENT-LIABILITIES> 270,026 <BONDS> 3,319,503 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 21,812,025 <TOTAL-LIABILITY-AND-EQUITY> 25,401,554 <SALES> 0 <TOTAL-REVENUES> 1,098,024 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 682,704 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 69,817 <INCOME-PRETAX> 345,503 <INCOME-TAX> 0 <INCOME-CONTINUING> 345,503 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 345,503 <EPS-PRIMARY> 2.85 <EPS-DILUTED> 2.85