<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 2,798,324 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,933,898 <PP&E> 31,103,197 <DEPRECIATION> 6,487,269 <TOTAL-ASSETS> 27,781,012 <CURRENT-LIABILITIES> 4,198,766 <BONDS> 23,184,986 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 397,260 <TOTAL-LIABILITY-AND-EQUITY> 27,781,012 <SALES> 6,083,119 <TOTAL-REVENUES> 6,235,634 <CGS> 0 <TOTAL-COSTS> 4,613,953 <OTHER-EXPENSES> 222,160 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,688,142 <INCOME-PRETAX> (288,621) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (288,621) <EPS-PRIMARY> (16.69) <EPS-DILUTED> (16.69)