<ARTICLE>                     5
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-START>                                 JAN-01-1996
<PERIOD-END>                                   JUN-30-1996
<CASH>                                                 464
<SECURITIES>                                             0
<RECEIVABLES>                                            0
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                         0
<PP&E>                                                   0
<DEPRECIATION>                                           0
<TOTAL-ASSETS>                                      29,425
<CURRENT-LIABILITIES>                                    0
<BONDS>                                                  0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                                17
<OTHER-SE>                                        (167,902)
<TOTAL-LIABILITY-AND-EQUITY>                        29,425
<SALES>                                                  0
<TOTAL-REVENUES>                                       713
<CGS>                                                    0
<TOTAL-COSTS>                                            0
<OTHER-EXPENSES>                                        87
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                   6,832
<INCOME-PRETAX>                                     (6,206)
<INCOME-TAX>                                            13
<INCOME-CONTINUING>                                 (6,219)
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                        (6,219)
<EPS-PRIMARY>                                        (3.59)
<EPS-DILUTED>                                        (3.59)