<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> SEP-30-1995 <CASH> 3,103,194 <SECURITIES> 1,750,175 <RECEIVABLES> 136,443 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,362,190 <PP&E> 93,446,975 <DEPRECIATION> 22,122,864 <TOTAL-ASSETS> 81,310,152 <CURRENT-LIABILITIES> 3,698,391 <BONDS> 37,307,470 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 30,945,291 <TOTAL-LIABILITY-AND-EQUITY> 81,310,152 <SALES> 0 <TOTAL-REVENUES> 14,101,981 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,954,488 <LOSS-PROVISION> 1,691,640 <INTEREST-EXPENSE> 2,647,539 <INCOME-PRETAX> (302,804) <INCOME-TAX> 0 <INCOME-CONTINUING> (302,804) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (302,804) <EPS-PRIMARY> (2.51) <EPS-DILUTED> (2.51)