<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                         890,000
<SECURITIES>                                         0
<RECEIVABLES>                                6,827,000
<ALLOWANCES>                                   169,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,881,000
<PP&E>                                      53,303,000
<DEPRECIATION>                            (16,019,000)
<TOTAL-ASSETS>                              48,017,000
<CURRENT-LIABILITIES>                          540,000
<BONDS>                                     33,066,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    37,068,000
<OTHER-SE>                                (25,986,000)
<TOTAL-LIABILITY-AND-EQUITY>                48,017,000<F1>
<SALES>                                              0
<TOTAL-REVENUES>                             2,015,000
<CGS>                                                0
<TOTAL-COSTS>                                1,553,000<F2>
<OTHER-EXPENSES>                                99,000<F3>
<LOSS-PROVISION>                               207,000
<INTEREST-EXPENSE>                           1,070,000
<INCOME-PRETAX>                                363,000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            363,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   363,000
<EPS-PRIMARY>                                      .10
<EPS-DILUTED>                                      .10
<FN>
<F1>Includes $3,299,000 of Minority Interest in joint venture
<F2>Includes a gain from the sale of a property of $952,000
<F3>Represents Minority Interest portion of Current Net Income
</FN>