Exhibit 23    



KPMG Peat Marwick LLP






                CONSENT OF INDEPENDENT AUDITORS


The Board of Directors
Kahler Realty Corporation and Subsidiaries:


We consent to incorporation by reference in the Registration Statement of
Kahler Realty Corporation of our reports dated February 16, 1996, relating
to the consolidated balance sheets of Kahler Realty Corporation and
Subsidiaries as of December 31, 1995 and January 1, 1995, and the related
consolidated statements of operations, stockholders' equity, and cash flows
and related financial statements schedules for each of the years in the
three-year period ended December 31, 1995, which reports appear in the
annual report on Form 10-K/A of Kahler Realty Corporation and Subsidiaries
for the year ended December 31, 1995.


                                                 KPMG PEAT MARWICK LLP   
                                               KPMG Peat Marwick LLP



July 24, 1996