<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> 3,592,721 <SECURITIES> 0 <RECEIVABLES> 9,736 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,958,865 <PP&E> 71,862,662 <DEPRECIATION> 12,912,742 <TOTAL-ASSETS> 68,218,342 <CURRENT-LIABILITIES> 3,021,020 <BONDS> 34,271,919 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 30,925,403 <TOTAL-LIABILITY-AND-EQUITY> 68,218,342 <SALES> 0 <TOTAL-REVENUES> 3,217,244 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,954,089 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 759,171 <INCOME-PRETAX> 594,340 <INCOME-TAX> 0 <INCOME-CONTINUING> 594,340 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 594,340 <EPS-PRIMARY> 4.19 <EPS-DILUTED> 4.19