Exhibit 23.3

                       Consent of Independent Accountants


   We hereby consent to the incorporation by reference in the Prospectus
   constituting a part of this Registration Statement on Form S-3 of Regency
   Realty Corporation of our report dated March 7, 1997 relating to the
   financial statements of Branch Properties, L.P., which appears in the
   Current Report on Form 8-K/A-2 of Regency Realty Corporation dated March
   7, 1997 (filed on May 12, 1997).  We also consent to the reference to us
   under the heading "Experts" in such Prospectus.



   Price Waterhouse LLP
   Atlanta, Georgia
   October 13, 1997