<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S REPORT ON FORM 10Q FILED NOVEMBER 6, 1996, WHICH INCLUDES
THE UNAUDITED FINANCIAL STATEMENTS OF THE REGISTRANT, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                             732
<SECURITIES>                                         0
<RECEIVABLES>                                    2,175
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 5,064
<PP&E>                                         101,357
<DEPRECIATION>                                      27
<TOTAL-ASSETS>                                 109,083
<CURRENT-LIABILITIES>                            2,690
<BONDS>                                              0
<PREFERRED-MANDATORY>                              256
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     101,368
<TOTAL-LIABILITY-AND-EQUITY>                   109,083
<SALES>                                              0
<TOTAL-REVENUES>                                   158
<CGS>                                                0
<TOTAL-COSTS>                                    1,065
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 643
<INCOME-PRETAX>                                (1,550)
<INCOME-TAX>                                     1,769
<INCOME-CONTINUING>                            (3,319)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (3,319)
<EPS-PRIMARY>                                   (0.14)
<EPS-DILUTED>                                   (0.14)