<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> JUN-30-1995 <CASH> 850,000 <SECURITIES> 0 <RECEIVABLES> 6,954,000 <ALLOWANCES> 161,000 <INVENTORY> 0 <CURRENT-ASSETS> 1,945,000 <PP&E> 70,612,000 <DEPRECIATION> (17,208,000) <TOTAL-ASSETS> 64,175,000 <CURRENT-LIABILITIES> 766,000 <BONDS> 47,555,000 <COMMON> 37,068,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (24,560,000) <TOTAL-LIABILITY-AND-EQUITY> 64,175,000<F1> <SALES> 0 <TOTAL-REVENUES> 5,320,000 <CGS> 0 <TOTAL-COSTS> 6,839,000 <OTHER-EXPENSES> 170,000<F2> <LOSS-PROVISION> 170,000 <INTEREST-EXPENSE> 2,995,000 <INCOME-PRETAX> (1,689,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,689,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,689,000) <EPS-PRIMARY> (0.46) <EPS-DILUTED> (0.46) <FN> <F1>Includes $3,346,000 of Minority Interest in joint Venture <F2>Represents Minority interest portion of current net income </FN>