<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 7,230,000 <SECURITIES> 0 <RECEIVABLES> 564,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,931,000 <PP&E> 90,746,000 <DEPRECIATION> 32,566,000 <TOTAL-ASSETS> 66,653,000 <CURRENT-LIABILITIES> 2,832,000 <BONDS> 42,464,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 20,998,000 <TOTAL-LIABILITY-AND-EQUITY> 66,353,000 <SALES> 0 <TOTAL-REVENUES> 5,712,000 <CGS> 0 <TOTAL-COSTS> 3,729,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,083,000 <INCOME-PRETAX> 78,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 78,000 <EPS-PRIMARY> 1.00 <EPS-DILUTED> 0