KRAMONT REALTY TRUST
S-8, EX-23.2, 2000-06-20
REAL ESTATE INVESTMENT TRUSTS
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                                                                 Exhibit 23.2



                  CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the incorporation by
reference into this Registration Statement on Form S-8 (the "Registration
Statement") of Kramont Realty Trust, of our report dated March 3, 2000, on
the consolidated financial statements of Kranzco Realty Trust, included in
Kranzco Trust's Form 10-K for the year ended December 31, 1999.


                                   /s/ Arthur Andersen LLP

Philadelphia, Pa.,
  June 15, 2000





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