SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Mid-Atlantic Realty Trust
(Name of Issuer)
Common Shares of Beneficial Interest
(Title of Class of Securities)
595232109
(CUSIP Number)
Check the following box if a fee is being paid with this statement. [X]
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.) (See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
CUSIP NO. 595232109
(1) Names of Reporting Persons. S.S. or I.R.S. Identification
Nos. of Above Persons: Palisade Capital Management,
L.L.C., Tax ID#: 22-3330049
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization: New Jersey
Number of Shares Beneficially Owned by
Each Reporting Person With
(5) Sole Voting
Power: 555,438
(6) Shared Voting
Power: --
(7) Sole Dispositive
Power: 555,438
(8) Shared Dispositive
Power: --
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 555,438 (includes 56,438 shares reporting
person has right to acquire upon conversion of
registered bonds)
(10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
(11) Percent of Class Represented by Amount in Row (9): 7.9%
(12) Type of Reporting Person (See Instructions): IA
Item 1(a). Name Of Issuer: Mid-Atlantic Realty Trust
Item 1(b). Address of Issuer's Principal Executive Offices:
1306 Concourse Drive, Suite 200, Linthicum, MD 12190
Item 2(a). Name of Person Filing: Palisade Capital Management, L.L.C.*
* The shares reflected in this Schedule were formerly included
in a report filed by the Whiffletree Division of Smith Barney.
Effective April 10, 1995, the client accounts for which the shares of
the Issuer were acquired were transferred to the reporting person.
Item 2(b). Address of Principal Business Office or, if None,
Residence: One Bridge Plaza, Suite 695, Fort Lee, NJ 07024
Item 2(c). Citizenship: New Jersey
Item 2(d). Title of Class of Securities: Common Shares of Beneficial
Interest
Item 2(e). CUSIP No.: 595232109
Item 3. If This Statement Is Filed Pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the Person Filing is a
(a) [ ] Broker or Dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(c) [ ] Insurance company as defined in section
3(a)(19) of the Act.
(d) [ ] Investment Company registered under section 8
of the Investment Company Act.
(e) [X] Investment Adviser registered under section 203
of the Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment fund; see
Rule 13d-1(b)(1)(ii)(H).
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G) (Note: See Item 7).
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership
(a) Amount Beneficially Owned (as of April 10, 1995):
555,438 (includes 56,438 shares reporting person has a
right to acquire upon conversion of registered bonds)
(b) Percent of Class (as of April 10, 1995):
7.9%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote 555,438
(ii) shared power to vote or to direct the vote --
(iii) sole power to dispose or to direct the
disposition of 555,438
(iv) shared power to dispose or to direct the
disposition of --
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following [ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
The shares of the Issuer beneficially owned by the reporting person
are held on behalf of the reporting person's clients in accounts over
which the reporting person has complete investment discretion. No other
person has the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, such shares. No other
person's interest relates to more than five percent of the class. No
client account contains more than five percent of the class.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding Company. N/A
Item 8. Identification and Classification of Members of the Group. N/A
Item 9. Notice of Dissolution of Group. N/A
Item 10. Certification
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.
May 2, 1995
(Date)
Mark S. Hoffman
(Signature)
Mark S. Hoffman/Member
(Name/Title)
