<ARTICLE> 5 <MULTIPLIER> 1 <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> 1,528,000 <SECURITIES> 0 <RECEIVABLES> 457,100 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,985,100 <PP&E> 69,868,900 <DEPRECIATION> 16,850,200 <TOTAL-ASSETS> 55,365,100 <CURRENT-LIABILITIES> 1,469,400 <BONDS> 49,018,300 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,629,600 <TOTAL-LIABILITY-AND-EQUITY> 55,365,100 <SALES> 0 <TOTAL-REVENUES> 2,628,900 <CGS> 0 <TOTAL-COSTS> 1,313,400 <OTHER-EXPENSES> 56,100 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,095,600 <INCOME-PRETAX> (411,700) <INCOME-TAX> 0 <INCOME-CONTINUING> (411,700) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (411,700) <EPS-PRIMARY> (7.07) <EPS-DILUTED> (7.07)