<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> APR-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> 1 <CASH> 857,569 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 23,505,081 <DEPRECIATION> (4,045,828) <TOTAL-ASSETS> 33,391,315 <CURRENT-LIABILITIES> 0 <BONDS> 20,621,555 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,595,216 <TOTAL-LIABILITY-AND-EQUITY> 33,391,315 <SALES> 0 <TOTAL-REVENUES> 1,543,971 <CGS> 0 <TOTAL-COSTS> 1,198,557 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 476,090 <INCOME-PRETAX> (130,676) <INCOME-TAX> 0 <INCOME-CONTINUING> (130,676) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (130,676) <EPS-PRIMARY> (6.94) <EPS-DILUTED> (6.94)