<ARTICLE> 5 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <EXCHANGE-RATE> 1 <CASH> 4,501,700 <SECURITIES> 0 <RECEIVABLES> 258,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,759,700 <PP&E> 45,344,300 <DEPRECIATION> 8,054,700 <TOTAL-ASSETS> 42,123,600 <CURRENT-LIABILITIES> 1,274,300 <BONDS> 4,085,700 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 36,535,200 <TOTAL-LIABILITY-AND-EQUITY> 42,123,600 <SALES> 0 <TOTAL-REVENUES> 1,520,600 <CGS> 0 <TOTAL-COSTS> 528,000 <OTHER-EXPENSES> 46,600 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 84,500 <INCOME-PRETAX> 509,800 <INCOME-TAX> 0 <INCOME-CONTINUING> 509,800 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 509,800 <EPS-PRIMARY> .80 <EPS-DILUTED> .80