Pricing Supplement dated October 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 - Fixed Rate
- -----------------------------------------------------------------
Face Amount: $25,000,000
Issue Price: 100%
Interest Rate: 7.65%
Interest Payment Dates: March 10 and September 10
Regular Record Dates: February 23 and August 26
Stated Maturity Date: November 2, 2026
Denominations (if other than
$1000 and integral multiples thereof):
Trade Date: October 4, 1996
Original Issue Date: October 9, 1996
Net Proceeds to Issuer: $24,744,500
Agent's Commission: 1.022%
Name of Agent: Salomon Brothers Inc.
Agent acting in the capacity indicated below:
___ As Agent
x As Principal
---
- -----------------------------------------------------------------
Day Count Convention:
x 30/360 for the period from October 9, 1996 to
November 2, 2026
Actual/360 for the period from to
---
___ 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
