<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 174,228 <SECURITIES> 0 <RECEIVABLES> 845,622 <ALLOWANCES> (132,266) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 68,308,762 <DEPRECIATION> (30,718,944) <TOTAL-ASSETS> 46,873,763 <CURRENT-LIABILITIES> 2,303,998 <BONDS> 27,850,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 16,719,765 <TOTAL-LIABILITY-AND-EQUITY> 46,873,763 <SALES> 0 <TOTAL-REVENUES> 7,777,617 <CGS> 0 <TOTAL-COSTS> 6,976,217 <OTHER-EXPENSES> 104,245 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 529,268 <INCOME-PRETAX> 167,887 <INCOME-TAX> 0 <INCOME-CONTINUING> 167,887 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 167,887 <EPS-PRIMARY> .02 <EPS-DILUTED> .02