<ARTICLE> 5

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
INCLUDED IN SUCH REPORT.
</LEGEND>

       
                   
<PERIOD-TYPE>         9-MOS
<FISCAL-YEAR-END>     DEC-31-1996
<PERIOD-END>          SEP-30-1996

<CASH>                       14,437,330 
<SECURITIES>                       0    
<RECEIVABLES>                  674,638  
<ALLOWANCES>                       0    
<INVENTORY>                        0    
<CURRENT-ASSETS>             15,111,968 
<PP&E>                       60,103,528 
<DEPRECIATION>               15,529,491 
<TOTAL-ASSETS>               65,230,604 
<CURRENT-LIABILITIES>         1,878,801 
<BONDS>                      41,185,681 
<COMMON>                           0    
<PREFERRED-MANDATORY>              0    
<PREFERRED>                        0    
<OTHER-SE>                    6,123,500 
<TOTAL-LIABILITY-AND-EQUITY> 65,230,604 
<SALES>                       8,012,324 
<TOTAL-REVENUES>              8,616,782 
<CGS>                              0    
<TOTAL-COSTS>                 5,322,934 
<OTHER-EXPENSES>                492,631 
<LOSS-PROVISION>                   0    
<INTEREST-EXPENSE>            3,774,214 
<INCOME-PRETAX>                (972,997)
<INCOME-TAX>                       0    
<INCOME-CONTINUING>          (5,338,823)
<DISCONTINUED>                4,743,673 
<EXTRAORDINARY>                (130,479)
<CHANGES>                          0    
<NET-INCOME>                   (725,629)
<EPS-PRIMARY>                     (3.98)
<EPS-DILUTED>                     (3.98)