<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 1,708,000 <SECURITIES> 0 <RECEIVABLES> 449,800 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,157,800 <PP&E> 65,327,800 <DEPRECIATION> 19,333,100 <TOTAL-ASSETS> 48,373,300 <CURRENT-LIABILITIES> 2,026,800 <BONDS> 48,919,800 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (2,890,100) <TOTAL-LIABILITY-AND-EQUITY> 48,373,300 <SALES> 0 <TOTAL-REVENUES> 5,343,300 <CGS> 0 <TOTAL-COSTS> 2,755,500 <OTHER-EXPENSES> 112,100 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,027,300 <INCOME-PRETAX> (378,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (378,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (378,000) <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00