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                                                                   EXHIBIT 23.3

              Consent of Independent Certified Public Accountants

American Realty Trust, Inc.
  Dallas, Texas

We hereby consent to the incorporation by reference in the Prospectus
constituting a part of this Registration Statement of our report dated March 1,
1996, relating to the consolidated financial statements and schedules of Income
Opportunity Realty Investors, Inc. (formerly Income Opportunity Realty Trust)
appearing in the Company's Annual Report on Form 10-K for the year ended
December 31, 1995.


                                                 /s/ BDO SEIDMAN, LLP
                                                 BDO Seidman, LLP


Dallas, Texas
February 11, 1997