<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> SEP-30-1994 <CASH> 643,041 <SECURITIES> 0 <RECEIVABLES> 848,248 <ALLOWANCES> 117,065 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 84,078,517 <DEPRECIATION> 36,063,694 <TOTAL-ASSETS> 121,011,579 <CURRENT-LIABILITIES> 2,981,466 <BONDS> 57,834,071 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 53,906,874 <TOTAL-LIABILITY-AND-EQUITY> 121,011,579 <SALES> 0 <TOTAL-REVENUES> 23,751,012 <CGS> 0 <TOTAL-COSTS> 27,957,348 <OTHER-EXPENSES> (1,029,053) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,610,214 <INCOME-PRETAX> (5,787,497) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,787,497) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,787,497) <EPS-PRIMARY> (21.92) <EPS-DILUTED> (21.92)