<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 2,350,346 <SECURITIES> 000 <RECEIVABLES> 000 <ALLOWANCES> 000 <INVENTORY> 000 <CURRENT-ASSETS> 000 <PP&E> 33,729,297 <DEPRECIATION> 14,160,285 <TOTAL-ASSETS> 22,331,216 <CURRENT-LIABILITIES> 000 <BONDS> 15,565,367 <COMMON> 000 <PREFERRED-MANDATORY> 000 <PREFERRED> 000 <OTHER-SE> 6,165,000 <TOTAL-LIABILITY-AND-EQUITY> 22,331,216 <SALES> 000 <TOTAL-REVENUES> 1,252,597 <CGS> 000 <TOTAL-COSTS> 590,414 <OTHER-EXPENSES> 345,321 <LOSS-PROVISION> 000 <INTEREST-EXPENSE> 330,067 <INCOME-PRETAX> 000 <INCOME-TAX> 000 <INCOME-CONTINUING> 000 <DISCONTINUED> 000 <EXTRAORDINARY> 000 <CHANGES> 000 <NET-INCOME> (13,205) <EPS-PRIMARY> (.17) <EPS-DILUTED> (.17)