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                                                                    EXHIBIT 23.7


INDEPENDENT AUDITOR'S CONSENT


We consent to the use in this Amendment No. 3 to Registration Statement No.
33-43777 of American Realty Trust, Inc. of our report dated March 15, 1998
(relating to the financial statements of EQK Realty investors I) appearing in
the Prospectus, which is a part of such Registration Statement, and to the
reference to us under the heading "Experts" in such Prospectus.

/s/ DELOITTE & TOUCHE LLP

Atlanta, Georgia
December 2, 1998