<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 7,808,057 <SECURITIES> 0 <RECEIVABLES> 248,641 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,048,827 <PP&E> 52,258,964 <DEPRECIATION> 12,842,758 <TOTAL-ASSETS> 48,521,551 <CURRENT-LIABILITIES> 717,358 <BONDS> 19,256,226 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 28,547,927 <TOTAL-LIABILITY-AND-EQUITY> 48,521,551 <SALES> 0 <TOTAL-REVENUES> 1,758,831 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 460,330 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 435,472 <INCOME-PRETAX> 863,029 <INCOME-TAX> 0 <INCOME-CONTINUING> 863,029 <DISCONTINUED> 432,793 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,295,822 <EPS-PRIMARY> 14.24 <EPS-DILUTED> 14.24