Exhibit 6

                                                      For Immediate Release

                                                               May 31, 1995

                                                For additional information,
                                                               please call:
                                                               201-802-4302

                         


PRUDENTIAL REALTY TRUST REJECTS BLACK BEAR REALTY TENDER OFFER


Newark, NJ -- May 31, 1995 -- The Board of Trustees of Prudential
Realty Trust unanimously determined to reject the unsolicited
tender offer commenced on May 17, 1995 by Black Bear Realty,
Ltd., a company controlled by Richard M. Osborne, and recommended
that shareholders not tender their Capital Shares.  

In a letter to be mailed to its shareholders, the Board of
Trustees set forth the reasons for its decision to reject the
offer.  Among other reasons explained to the shareholders, the
Board of Trustees indicated that:

     A successful tender offer could prevent Income Shareholders
     from realizing the liquidation value of their shares in the
     near future. 

     Income Shareholders' liquidation preference of up to $8.00
     per share would be eliminated if Mr. Osborne's offer and
     merger proposal are approved.  

     The Board of Trustees has not been able to fully evaluate
     Black Bear Realty's or Mr. Osborne's past record and
     experience in the real estate industry.

The Board also pointed out that if the tender offer is
successful, Mr. Osborne would be in a position of substantial
control of the Trust and intends to disrupt J.P. Morgan's bid
solicitation process that the Trust is pursuing as a strategy to
maximize the value of the Trust as it approaches its scheduled
liquidation.

Prudential Realty Trust is a real estate investment trust formed
in Massachusetts in 1985.  The Trust has current annual revenues
of approximately $11.6 million, and owns three properties located
in New York, New Jersey and Indiana.

A copy of the letter sent to shareholders is attached.