<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> SEP-30-1994 <CASH> 4,702,005 <SECURITIES> 0 <RECEIVABLES> 3,462,054 <ALLOWANCES> 383,691 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 266,477,537 <DEPRECIATION> (131,044,815) <TOTAL-ASSETS> 170,100,316 <CURRENT-LIABILITIES> 5,172,132 <BONDS> 179,845,761 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (11,013,014) <TOTAL-LIABILITY-AND-EQUITY> 170,100,316 <SALES> 0 <TOTAL-REVENUES> 68,690,849 <CGS> 0 <TOTAL-COSTS> 68,176,261 <OTHER-EXPENSES> (2,225,552) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,680,988 <INCOME-PRETAX> (6,940,848) <INCOME-TAX> 0 <INCOME-CONTINUING> (6,940,848) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,940,848) <EPS-PRIMARY> (28.95) <EPS-DILUTED> (28.95)