<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1997 <CASH> 3,647,685 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,647,685 <PP&E> 97,557,672 <DEPRECIATION> 17,020,169 <TOTAL-ASSETS> 88,183,991 <CURRENT-LIABILITIES> 1,172,651 <BONDS> 41,769,217 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 41,758,790 <TOTAL-LIABILITY-AND-EQUITY> 88,193,991 <SALES> 0 <TOTAL-REVENUES> 4,346,408 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,577,462 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 926,725 <INCOME-PRETAX> 1,743,557 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,743,557 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,743,557 <EPS-PRIMARY> 34.19 <EPS-DILUTED> 34.19