<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 1,291,000 <SECURITIES> 3,170,500 <RECEIVABLES> 142,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,603,500 <PP&E> 43,465,600 <DEPRECIATION> 9,742,400 <TOTAL-ASSETS> 38,371,100 <CURRENT-LIABILITIES> 1,528,400 <BONDS> 4,246,800 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 32,506,500 <TOTAL-LIABILITY-AND-EQUITY> 38,371,100 <SALES> 0 <TOTAL-REVENUES> 2,656,500 <CGS> 0 <TOTAL-COSTS> 1,211,000 <OTHER-EXPENSES> 115,100 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 180,300 <INCOME-PRETAX> 498,300 <INCOME-TAX> 0 <INCOME-CONTINUING> 498,300 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 498,300 <EPS-PRIMARY> 0.70 <EPS-DILUTED> 0.70