The Board of Directors
Regency Realty Corporation:

     We  consent  to  the  use  of  reports  incorporated  by  reference  in the
registration  statements,  (No.  3-86886,  No. 333-930,  No.  333-2546,  and No.
333-31077)  on Form S-3 and (No.  333-24971)  on Form  S-8,  of  Regency  Realty
Corporation  of our  reports,  with  respect to the  Statements  of Revenues and
Certain  Expenses  for the  year  ended  December  31,  1997,  of the  following
properties:

                         Name of Property               Date of audit report

                  Delk Spectrum Shopping Center               May 15, 1998
                  Bloomingdale Square                         May 13, 1998
                  Sliverlake Shopping Center                 June 30, 1998
                  Highland Square Shopping Center             July 1, 1998
                  Midland Properties                          July 8, 1998


The above reports  appear in the Form 8-K of Regency  Realty  Corporation  dated
July 20, 1998.






                                                         KPMG PEAT MARWICK LLP

July 20, 1998
Jacksonville, Florida