Exhibit 23.8
 
                      CONSENT OF INDEPENDENT ACCOUNTANTS
   
  We consent to the use in this Registration Statement of Capital Trust on
Form S-1 (File No. 333-37271) of our report dated March 21, 1997, relating to
the Statement of Revenue and Certain Operating Expenses of 1325 Limited
Partnership (A Delaware Limited Partnership) for the year ended December 31,
1996. We also consent to the reference to our firm under the caption
"Experts".     
 
                                          Margolin, Winer & Evens LLP
 
Garden City, New York
   
December 8, 1997