CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
                    -----------------------------------------

As independent public accountants, we hereby consent to the incorporation of our
report  dated  February  26,  1999  included  in this Form  10-K,  into  Vinings
Investment  Properties Trust's  previously filed Registration  Statement on Form
S-8 (File No. 333-76487).


/s/ ARTHUR ANDERSEN LLP

Atlanta, Georgia
March 27, 2000