<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 1,500,420 <SECURITIES> 0 <RECEIVABLES> 3,799,767 <ALLOWANCES> (438,884) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 203,332,199 <DEPRECIATION> (98,911,127) <TOTAL-ASSETS> 123,544,595 <CURRENT-LIABILITIES> 6,175,104 <BONDS> 140,721,622 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (23,352,131) <TOTAL-LIABILITY-AND-EQUITY> 123,544,595 <SALES> 0 <TOTAL-REVENUES> 19,711,225 <CGS> 0 <TOTAL-COSTS> 18,068,478 <OTHER-EXPENSES> 87,866 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,691,262 <INCOME-PRETAX> (725,693) <INCOME-TAX> 0 <INCOME-CONTINUING> (725,693) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (725,693) <EPS-PRIMARY> (3.03) <EPS-DILUTED> (3.03)