<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> SEP-30-1994 <CASH> 70,251 <SECURITIES> 0 <RECEIVABLES> 355,394 <ALLOWANCES> 47,993 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 33,392,877 <DEPRECIATION> (13,199,077) <TOTAL-ASSETS> 59,123,257 <CURRENT-LIABILITIES> 2,635,861 <BONDS> 42,036,878 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 9,567,465 <TOTAL-LIABILITY-AND-EQUITY> 59,123,257 <SALES> 0 <TOTAL-REVENUES> 11,453,715 <CGS> 0 <TOTAL-COSTS> 15,809,592 <OTHER-EXPENSES> 162,814 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,932,460 <INCOME-PRETAX> (6,451,151) <INCOME-TAX> 0 <INCOME-CONTINUING> (6,451,151) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (6,451,151) <EPS-PRIMARY> (24.03) <EPS-DILUTED> (24.03)