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                                                                    Exhibit 23.2

                          INDEPENDENT AUDITORS' CONSENT



The Board of Directors and Stockholders
Americold Corporation:
 

We consent to the inclusion of our report dated May 2, 1997, with respect to
the consolidated balance sheets of Americold Corporation as of the last day of
February 1996 and 1997, and the related consolidated statements of operations,
common stockholders' deficit, and cash flows for each of the years in the
three-year period ended the last day of February 1997, which report appears in
the Form 8-K of Vornado Realty Trust dated September 22, 1997.

KPMG PEAT MARWICK LLP

Portland, Oregon
October 6, 1997



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