<ARTICLE> 5 <PERIOD-TYPE> 6-mos <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Jun-30-1996 <CASH> 1,507,776 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 29,231,374 <DEPRECIATION> 11,402,234 <TOTAL-ASSETS> 19,612,115 <CURRENT-LIABILITIES> 580,537 <BONDS> 11,871,023 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 7,160,555 <TOTAL-LIABILITY-AND-EQUITY> 19,612,115 <SALES> 0 <TOTAL-REVENUES> 2,181,867 <CGS> 0 <TOTAL-COSTS> 1,055,119 <OTHER-EXPENSES> 604,559 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 462,217 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 59,972 <EPS-PRIMARY> .67 <EPS-DILUTED> .67