EXHIBIT 99.1



      REALTY INCOME OBTAINS INCREASE IN ACQUISITION CREDIT
                    FACILITY TO $130 MILLION

ESCONDIDO, CALIFORNIA, December 5, 1995...Realty Income
Corporation (NYSE: O) announced today it has obtained several
modifications to its existing unsecured acquisition credit
facility including an increase in funds available to $130 million
from $100 million, a reduction in the initial interest rate to
LIBOR + 1.25% from LIBOR + 1.375%, and an extension of the line
to November 27, 1998 from November 29, 1997.  The modifications
to the facility are effective December 4, 1995 and the entire
$130 million capacity of the facility is currently available to
the company for the acquisition of additional net leased retail
properties.

"In addition to lower financing costs, the increased capacity on
the line will allow us to aggressively pursue additional property
acquisitions during 1996," said Tom Lewis, Vice Chairman of
Realty Income.  "We are gratified by the ardent support of our
banking group for this important credit facility."

Lead agent for Realty Income's acquisition credit facility is The
Bank of New York, which is joined by Bank Hapaolim, B.M.;
Dresdner Bank, A.G. Los Angeles Agency;  First Interstate Bank;
Sanwa Bank California; and Signet Bank Virginia as participants.

Realty Income is a fully integrated, self-managed and self-
administered real estate investment trust that owns and actively
manages a portfolio of 676 properties in 42 states.  The company
provides expansion capital to major retail chain store operators
by acquiring, then leasing back, their store locations.

NOTE TO EDITORS:
================

Realty Income press releases are available at no charge through
PR Newswire's Company News On Call fax service.  For a menu of
available Realty Income press releases or to retrieve a specific
release, call 800-758-5804, ext. 746650, or
http://www.prnewswire.com on the Internet.

                                                     Page 5 of 11