<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> SEP-30-1995 <CASH> 641,000 <SECURITIES> 0 <RECEIVABLES> 6,915,000 <ALLOWANCES> 125,000 <INVENTORY> 0 <CURRENT-ASSETS> 1,572,000 <PP&E> 70,569,000 <DEPRECIATION> (17,791,000) <TOTAL-ASSETS> 63,082,000 <CURRENT-LIABILITIES> 651,000 <BONDS> 47,433,000 <COMMON> 37,068,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (25,380,000) <TOTAL-LIABILITY-AND-EQUITY> 63,082,000<F1> <SALES> 0 <TOTAL-REVENUES> 7,357,000 <CGS> 0 <TOTAL-COSTS> 9,613,000 <OTHER-EXPENSES> 253,000<F2> <LOSS-PROVISION> 253,000 <INTEREST-EXPENSE> 4,179,000 <INCOME-PRETAX> (2,509,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,509,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,509,000) <EPS-PRIMARY> (.677) <EPS-DILUTED> (.677) <FN> <F1>includes $3,310,000 of Minority Interest in Joint Venture <F2>represents Minority Interest portion of current net Income </FN>