Exhibit 23.2

                              Accountants' Consent


   The Board of Directors
   Regency Realty Corporation:


   We consent to the use of our reports incorporated herein by reference and
   to the reference to our firm under the heading "Experts" in the
   Prospectus.  






                                                      KPMG Peat Marwick LLP  
                                                 Certified Public Accountants

   Jacksonville, Florida
   October 13, 1997