CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS



As independent public accountants, we hereby consent to the incorporation of our
report  included in this Annual  Report on Form 10-K for the year ended  October
31, 1994 of HRE Properties,  into its previously filed Registration Statement on
Form S-3 (No. 33-57119) and its previously filed Registration Statements on Form
S-8  (No.2-93146 and No.  33-41408),  and to the reference to our Firm under the
caption "Experts" in said Registration Statements.




                                                  ARTHUR ANDERSEN LLP





New York, New York
January 26, 1995