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EXHIBIT 23
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Shareholders and Board of Directors of
AMREP Corporation:
As independent public accountants, we hereby consent to the incorporation by
reference in this Form 10-K of our report dated June 30, 2000, included in AMREP
Corporation's previously filed Registration Statements on Form S-8 Nos.
33-67114, 33-67116 and 333-17695.
/s/ARTHUR ANDERSEN LLP
Albuquerque, New Mexico
July 25, 2000
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