<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,249,300 <SECURITIES> 0 <RECEIVABLES> 519,900 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,769,200 <PP&E> 65,285,700 <DEPRECIATION> 18,947,300 <TOTAL-ASSETS> 48,503,500 <CURRENT-LIABILITIES> 1,729,500 <BONDS> 49,143,300 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (2,686,100) <TOTAL-LIABILITY-AND-EQUITY> 48,503,500 <SALES> 0 <TOTAL-REVENUES> 2,680,300 <CGS> 0 <TOTAL-COSTS> 1,355,400 <OTHER-EXPENSES> 65,300 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,025,500 <INCOME-PRETAX> (174,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (174,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (174,000) <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00