EXHIBIT 23.1
 
                        CONSENT OF KPMG PEAT MARWICK LLP
 
The Board of Directors
Regency Realty Corporation
 
We consent to the use of our reports incorporated herein by reference and to
the reference to our firm under the heading "Experts" in the Prospectus.
 
                                          KPMG Peat Marwick LLP
 
Jacksonville, Florida
   
December 21, 1998