<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 2,636,162 <SECURITIES> 0 <RECEIVABLES> 4,106,106 <ALLOWANCES> (530,024) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 223,916,612 <DEPRECIATION> (118,327,699) <TOTAL-ASSETS> 123,573,708 <CURRENT-LIABILITIES> 3,853,622 <BONDS> 148,273,330 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (28,554,244) <TOTAL-LIABILITY-AND-EQUITY> 123,573,708 <SALES> 0 <TOTAL-REVENUES> 20,912,442 <CGS> 0 <TOTAL-COSTS> 19,550,760 <OTHER-EXPENSES> (50,084) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,675,112 <INCOME-PRETAX> (1,030,026) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,030,026) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,030,026) <EPS-PRIMARY> (4.30) <EPS-DILUTED> (4.30)