EQK REALTY INVESTORS I
SC 13G/A, 1999-01-19
REAL ESTATE INVESTMENT TRUSTS
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                          Schedule 13 G


Item 1    (a)  EQK Realty Investors     
     (b)  5775 Peachtree Dunwoody Rd., Suite 200D
          Atlanta, GA  30342         


Item 2    (a)  Corbyn Investment Management, Inc., et al.
     (b)  Suite 108
          2330 W. Joppa Road
          Lutherville, Maryland  21093  
     (c)  Incorporated in the State of Maryland
     (d)  Shares of Beneficial Interest
     (e)  268820107


Item 3    (h)  The filer is a group consisting of an Investment Adviser
registered under Section 203 of the Investment Advisers Act of 1940 and an
Investment Company registered under Section 8 of the Investment Company
Act.


Item 4    N/A 
     
 


Item 5    Reporting person has ceased to be the beneficial owner of more
than 5% of the class of securities.

Item 6    N/A

Item 7    N/A

Item 8    (a)  The group consists of an Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940 (IA) and an Investment
Company registered under Section 8 of the Investment Company Act (IV).

Item 9    N/A



<PAGE>

                   Schedule 13 G




Item 1    (a)  EQK Realty Investors     
     (b)       5775 Peachtree Dunwoody Rd. Suite 200D   
          Atlanta, GA  30342


Item 2    (a)  Corbyn Investment Management, Inc.
     (b)  Suite 108
          2330 W. Joppa Road
          Lutherville, Maryland  21093
     (c)  Incorporated in the State of Maryland
     (d)  Shares of Beneficial Interest
     (e)  268820107

Item 3    (e)  The filer is an Investment Adviser registered under Section
203 of the Investment Advisers Act of 1940.


Item 4   N/A 


Item 5    Reporting person has ceased to be the beneficial owner of more
than 5% of the class of securities.

Item 6    N/A

Item 7    N/A

Item 8    N/A

Item 9    N/A






<PAGE>

                   Schedule 13 G




Item 1    (a)  EQK Realty Investors     
     (b)  5775 Peachtree Dunwoody Rd., Suite 200D                  
          Atlanta, GA  30342

Item 2    (a)  Greenspring Fund, Inc.
     (b)  Suite 110
          2330 W. Joppa Road
          Lutherville, Maryland  21093
     (c)  Incorporated in the State of Maryland
     (d)  Shares of Beneficial Interest
     (e)  268820107


Item 3    (d)  The filer is an Investment Company registered under Section
8 of the Investment Company Act.


Item 4    N/A

Item 5    Reporting person has ceased to be the beneficial owner of more
than 5% of the class of securities.

Item 6    N/A

Item 7    N/A

Item 8    N/A

Item 9    N/A



Item 10   By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not have
the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purposes or effect.


     After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.




     
January 12, 1999     


Signature
Charles vK. Carlson, President
Name/Title
  




<PAGE>
CUSIP No.  268820107     13G


1.  Name of Reporting Person
    SS Identification No. of Above Person

     Corbyn Investment Management, Inc. et al 
     n/a

2.  Check The Appropriate Box If A Member Of A Control Group (a) [x]
                               (b) [ ]

3.  SEC Use Only

4.  Citizenship or Place of Organization

     Suite 108  2330 W. Joppa Rd.
     Lutherville, MD  21093   


Number Of 5.  Sole Voting Power
Shares         0
Beneficially   6.  Shared Voting Power
Owned By
Each      7.  Sole Dispositive Power
Reporting      0
Person With    8.  Shared Dispositive Power


9.  Aggregate Amount Beneficially Owned By Each Reporting Person
     0

10.  Check Box if the Aggregate Amount in Row (9) Excludes 
     Certain Shares [ ]

11.  Percent Of Class Represented By Amount In Row 9
     0%

12.  Type Of Reporting Person
     00- Group Consisting of IA and IV





<PAGE>
CUSIP No.  268820107     13G


1.  Name of Reporting Person
    SS Identification No. of Above Person

     Corbyn Investment Management, Inc.  
     52-0964322

2.  Check The Appropriate Box If A Member Of A Control Group (a) [x]
                               (b) [ ]

3.  SEC Use Only

4.  Citizenship or Place of Organization

     Suite 108  2330 W. Joppa Rd.
     Lutherville, MD  21093   


Number Of 5.  Sole Voting Power
Shares         0
Beneficially   6.  Shared Voting Power
Owned By
Each      7.  Sole Dispositive Power
Reporting      0
Person With    8.  Shared Dispositive Power


9.  Aggregate Amount Beneficially Owned By Each Reporting Person
     0

10.  Check Box if the Aggregate Amount in Row (9) Excludes 
     Certain Shares [ ]

11.  Percent Of Class Represented By Amount In Row 9
     0%

12.  Type Of Reporting Person
      IA 





<PAGE>
CUSIP No.  268820107     13G


1.  Name of Reporting Person
    SS Identification No. of Above Person

     Greenspring Fund, Inc. 
     52-1267740

2.  Check The Appropriate Box If A Member Of A Control Group (a) [x]
                               (b) [ ]

3.  SEC Use Only

4.  Citizenship or Place of Organization

     Suite 110  2330 W. Joppa Rd.
     Lutherville, MD  21093   


Number Of 5.  Sole Voting Power
Shares         0
Beneficially   6.  Shared Voting Power
Owned By
Each      7.  Sole Dispositive Power
Reporting      0
Person With    8.  Shared Dispositive Power


9.  Aggregate Amount Beneficially Owned By Each Reporting Person
     0

10.  Check Box if the Aggregate Amount in Row (9) Excludes 
     Certain Shares [ ]

11.  Percent Of Class Represented By Amount In Row 9
     0%

12.  Type Of Reporting Person
     IV


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