<ARTICLE> 5 <PERIOD-TYPE> 9-mos <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Sep-30-1996 <CASH> 1,569,134 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 29,270,615 <DEPRECIATION> 11,638,185 <TOTAL-ASSETS> 19,461,133 <CURRENT-LIABILITIES> 667,858 <BONDS> 11,820,852 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 6,972,423 <TOTAL-LIABILITY-AND-EQUITY> 19,461,133 <SALES> 0 <TOTAL-REVENUES> 3,252,394 <CGS> 0 <TOTAL-COSTS> 1,588,392 <OTHER-EXPENSES> 900,266 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 691,896 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 71,840 <EPS-PRIMARY> .81 <EPS-DILUTED> .81