Pricing Supplement dated August 9, 1996 Rule 424(b)(3)
(To Prospectus dated May 24, 1996 and File no. 33-61383
Prospectus Supplement dated May 24, 1996)
NEW PLAN REALTY TRUST
Medium-Term Note - Floating Rate
- -----------------------------------------------------------------
Face Amount: $49,000,000
Issue Price: 100%
Initial Interest Rate: 5.635%
Base Rate: 3-month LIBOR (Telerate Page 3750)
Spread: + 9.5 bps
Interest Reset Dates: Quarterly on the 3rd of each February,
May, August and November, commencing
on November 3, 1996
Interest Determination Date: Two London and New York Business Days
prior to each Interest Reset Date
Interest Payment Dates: Quarterly on the 3rd of each February,
May, August and November
Stated Maturity Date: August 3, 1999
Denominations (if other than
$1000 and integral multiples thereof). _________________
Trade Date: August 6, 1996
Original Issue Date: August 9, 1996
Net Proceeds to Issuer: 99.75%
Agent's Discount/Commission: 00.25%
Name of Agent: Salomon Brothers Inc.
Agent acting in the capacity indicated below:
___ As Agent
x As Principal
---
- -----------------------------------------------------------------
Day Count Convention:
30/360 for the period from to
---
x Actual/360 for the period from August 9, 1996 to
--- August 3, 1999
___ Actual/Actual for the period from to
___ Other (see attached) to
Redemption:
x The Notes cannot be redeemed prior to the Stated
--- Maturity Date.
___ The Notes may be redeemed prior to Stated Maturity
Date.
Initial Redemption Date:
Initial Redemption Percentage: %
Annual Redemption Percentage Reduction: % until
Redemption Percentage is 100% of the Principal
Amount.
Repayment:
x
--- The Notes cannot be repaid prior to the Stated
Maturity Date.
___ The Notes can be repaid prior to the Stated Maturity
Date at the option of the holder of the Notes.
Optional Repayment Date(s):
Repayment Price: %
Original Issue Discount: ___ Yes _X_ No
Total Amount of OID:
Yield to Maturity:
Initial Accrued Period:
x
Form: --- Book-entry ___ Certified
