<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> SEP-30-1994 <CASH> 100,807 <SECURITIES> 0 <RECEIVABLES> 314,281 <ALLOWANCES> 7,269 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 13,613,108 <DEPRECIATION> (2,810,648) <TOTAL-ASSETS> 24,543,321 <CURRENT-LIABILITIES> 892,401 <BONDS> 11,298,158 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 12,352,762 <TOTAL-LIABILITY-AND-EQUITY> 24,543,321 <SALES> 0 <TOTAL-REVENUES> 4,705,680 <CGS> 0 <TOTAL-COSTS> 5,821,551 <OTHER-EXPENSES> 5,910 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 488,970 <INCOME-PRETAX> (1,610,751) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,610,751) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,610,751) <EPS-PRIMARY> (80.60) <EPS-DILUTED> (80.60)