Exhibit 23


                       CONSENT OF INDEPENDENT ACCOUNTANTS
                       ----------------------------------


We consent to the inclusion in this Form 8-K of our report dated March 14, 1997
on our audit of the statement of revenues and certain expenses of 150 Post
Street, San Francisco, California, for the year ending December 31, 1996.  We
also consent to the incorporation by reference of said report in the
Registration Statements of Federal Realty Investment Trust on Form S-3 (File No.
33-15264, effective August 4, 1987;  File No. 33-63687, effective November 6,
1995; and File No. 63955, effective November 3, 1995).

/s/ KPMG Peat Marwick L.L.P.
Chicago, Illinois
February 24, 1998


We consent to the inclusion in this Current Report on Form 8-K of our report
dated November 26, 1997, on our audit of the Statement of Revenues and Certain
Expenses of Fresh Meadows Commercial Property for the year ended December 31,
1996.  We also consent to the incorporation by reference of said report in the
Registration Statements of Federal Realty Investment Trust on Form S-3 (File No.
33-15264, File No. 33-63687, and File No. 33-63955).

/s/ Coopers & Lybrand L.L.P.
Chicago, Illinois
February 23, 1998


We consent to the inclusion in this Form 8-K of our reports dated January 9,
1998 on our audits of the Statement of Revenue and Certain Expenses for the
Magruder Center, Rockville, Maryland, and the Statement of Revenue and Certain
Expenses for the Courthouse Center, Rockville, Maryland, respectively, for the
year ended December 31, 1996.  We also consent to the incorporation by reference
of said reports in the Registration Statements of Federal Realty Investment
Trust on Form S-3 (File No. 33-15264, effective August 4, 1987; File No. 33-
63687, effective November 6, 1995; and File No. 63955, effective November 3,
1995).


/s/ Fangmeyer and Fangmeyer
Silver Spring, Maryland
February 24, 1998

We consent to the inclusion in this Form 8-K of our report dated January 22,
1998, on our audits of the Historical Summary of Gross Income and Direct
Operating Expenses of the Peninsula Shopping Center for the year ended December
31, 1996.  We also consent to the incorporation by reference of said report in
the Registration Statements of Federal Realty Investment Trust on Form S-3 (File
No. 33-15264, effective August 4, 1987; File No. 33-63687, effective November 6,
1995; and File No. 63955, effective November 3, 1995).

/s/ Grant Thornton L.L.P.
Washington, DC
February 24, 1998

We consent to the incorporation by reference in the Registration Statement of
Federal Realty Investment Trust on Form S-3 (File No. 33-15264, effective August
4, 1987; File No. 33-63687, effective November 6, 1995; and File No. 63955,
effective November 3, 1995) of our report dated October 17, 1997 on our audit of
the statement of revenues and certain expenses of RREEF West-VI One, Inc.-Uptown
Shopping Center for the year ended December 31, 1996, which is included in this
Form 8-K of Federal Realty Investment Trust dated February 24, 1998.


/s/ DELOITTE & TOUCHE L.L.P.
Chicago, Illinois
February 24, 1998

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