<ARTICLE> 5 <PERIOD-TYPE> 9-mos <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Sep-30-1996 <CASH> 1,918,813 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 23,357,930 <DEPRECIATION> 10,123,629 <TOTAL-ASSETS> 15,360,879 <CURRENT-LIABILITIES> 563,674 <BONDS> 11,862,057 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 2,935,148 <TOTAL-LIABILITY-AND-EQUITY> 15,360,879 <SALES> 0 <TOTAL-REVENUES> 2,811,395 <CGS> 0 <TOTAL-COSTS> 1,348,754 <OTHER-EXPENSES> 825,024 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 755,936 <INCOME-PRETAX> (118,319) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (118,319) <EPS-PRIMARY> (1.50) <EPS-DILUTED> (1.50)