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).

ARTHUR ANDERSEN LLP

/S/ ARTHUR ANDERSEN LLP

Atlanta, Georgia

March 16, 2001