<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                         496,000
<SECURITIES>                                         0
<RECEIVABLES>                                9,790,000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,561,000
<PP&E>                                      53,346,000
<DEPRECIATION>                            (16,497,000)
<TOTAL-ASSETS>                              47,081,000
<CURRENT-LIABILITIES>                          316,000
<BONDS>                                     32,959,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    37,068,000
<OTHER-SE>                                (26,607,000)
<TOTAL-LIABILITY-AND-EQUITY>                47,081,000<F2>
<SALES>                                              0
<TOTAL-REVENUES>                             3,644,000
<CGS>                                                0
<TOTAL-COSTS>                                3,728,000<F1>
<OTHER-EXPENSES>                               204,000<F3>
<LOSS-PROVISION>                               230,000
<INTEREST-EXPENSE>                           1,895,000
<INCOME-PRETAX>                              (288,000)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (288,000)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (288,000)
<EPS-PRIMARY>                                    (.08)
<EPS-DILUTED>                                    (.08)
<FN>
<F3>Represents Minority Intrest Portion of Current Net Income/(loss)
<F2>Includes $3,345,000 of Minority Intrest in Joint Venture
<F1>Includes a gain from the Sale of a Property of $792,000
</FN>