Exhibit 23

                          Independent Auditors' Consent

The Board of Trustees
Mid-Atlantic Realty Trust:

We consent to the  incorporation by reference in the registration  statements on
Form S-3 (File Nos. 33-66386,  333-20813,  333-33982 and 333-59061) and Form S-8
(File Nos.  33-58465,  333-12161 and 333-56885) of Mid-Atlantic  Realty Trust of
our report dated  February 22, 2002,  with respect to the  consolidated  balance
sheets of Mid-Atlantic Realty Trust and subsidiaries as of December 31, 2001 and
2000, the related  consolidated  statements of operations,  shareholders' equity
and cash flows for each of the years in the three-year period ended December 31,
2001 and the related financial statement  schedule,  which report appears in the
December 31, 2001 annual report on Form 10-K of Mid-Atlantic Realty Trust.


/s/KPMG LLP

Baltimore, MD
March 5, 2002