____________________________________________________________________________ ____________________________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) March 28, 1995 (March 23, 1995) NEW PLAN REALTY TRUST ____________________________________________________________________________ (Exact Name of Registrant as Specified in Charter) Massachusetts 0-7532 13-1995781 ____________________________________________________________________________ (State or Other Jurisdiction (Commission IRS Employer of Incorporation) File Number) Identification No.) 1120 Avenue of the Americas, New York, New York 10036 ____________________________________________________________________________ (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (212) 869-3000 _____________ ____________________________________________________________________________ (Former Name or Former Address, if Changed Since Last Report) ____________________________________________________________________________ ____________________________________________________________________________ Item 5. Other Events. New Plan Realty Trust, a Massachusetts business trust (the "Company") has commenced an offering of senior debt securities (the "Senior Securities") in an aggregate principal amount equal to $100,000,000, as described in the Company's Preliminary Prospectus Supplement dated March 23, 1995 to the Company's Prospectus dated March 23, 1995. The Senior Securities were registered as part of the Company's Registration Statement (No. 33-53311), which was declared effective by the Securities and Exchange Commission on May 23, 1994.The Senior Securities are to be issued under a Senior Securities Indenture to be entered into by the Company and The First National Bank of Boston, as trustee (the "Senior Securities Trustee"). Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial Statements of Businesses Acquired. None (b) Pro Forma Financial Information. None (c) Exhibits. 1. Form of Senior Securities Indenture to be entered into by the Company and The First National Bank of Boston, as trustee. 2. Statement of Eligibility of Senior Securities Trustee on Form T-1. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 28, 1995 NEW PLAN REALTY TRUST By: /s/ MICHAEL I. BROWN ___________________________________ Michael I. Brown Chief Financial Officer and Controller