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                                                                  Exhibit 23.2

INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in Registration Statement No.
33-37925 of RPS Realty Trust on Form S-8 of our report dated February 27, 1995,
appearing in this Annual Report on Form 10-K of RPS Realty Trust for the year
ended December 31, 1994.

/s/ Deloitte & Touche LLP
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New York, New York
March 29, 1995