<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                           1,696
<SECURITIES>                                         0
<RECEIVABLES>                                      119
<ALLOWANCES>                                        37
<INVENTORY>                                         91
<CURRENT-ASSETS>                                     0<F1>
<PP&E>                                              10
<DEPRECIATION>                                       3
<TOTAL-ASSETS>                                   9,586
<CURRENT-LIABILITIES>                                0<F1>
<BONDS>                                         11,376
<PREFERRED-MANDATORY>                              484
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     (2,881)
<TOTAL-LIABILITY-AND-EQUITY>                     9,586
<SALES>                                          1,262
<TOTAL-REVENUES>                                 1,262
<CGS>                                            1,067
<TOTAL-COSTS>                                    1,067
<OTHER-EXPENSES>                                   292
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 254
<INCOME-PRETAX>                                  (245)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              (245)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (245)
<EPS-PRIMARY>                                      .31
<EPS-DILUTED>                                      .31
<FN>
<F1>DELTA IS A PROPERTY-OWNING & PROPERTY MANAGEMENT COMPANY AND THEREFORE DOES NOT
HAVE A CLASSIFIED BALANCE SHEET AS TO CURRENT/LONG TERM ASSETS & LIABILITIES.
THEREFORE AMOUNTS FOR CURRENT ASSETS & LIABILITIES ARE 0.
</FN>