SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Mid-Atlantic Realty Trust
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(Name of Issuer)
Common Shares of Beneficial Interest
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(Title of Class of Securities)
595232109
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(CUSIP Number)
Check the following box if a fee is being paid with this statement []. (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
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(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
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(2) Check the Appropriate Box if a Member of a Group (See
Instructions) (a)
(b)
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: New Jersey
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Number of Shares Beneficially Owned by
Each Reporting Person With
(5) Sole Voting Power: 1,048,333
(6) Shared Voting Power: --
(7) Sole Dispositive Power: 1,048,333
(8) Shared Dispositive Power: --
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(9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 1,048,333 (includes 533,333 shares reporting person has
right to acquire upon conversion of registered bonds)
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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(11) Percent of Class Represented by Amount in Row (9): 16.7%
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(12) Type of Reporting Person (See Instructions): IA
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Item 1(a). Name Of Issuer: Mid-Atlantic Realty Trust
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Item 1(b). Address of Issuer's Principal Executive Offices: 1306 Concourse
Drive, Suite 200, Linthicum, MD 12190
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Item 2(a). Name of Person Filing: Palisade Capital Management, L.L.C.
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Item 2(b). Address of Principal Business Office or, if None, Residence:
One Bridge Plaza,
Suite 695, Fort Lee, NJ 07024
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Item 2(c). Citizenship: New Jersey
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Item 2(d). Title of Class of Securities: Common Shares of Beneficial Interest
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Item 2(e). CUSIP No.: 595232109
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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 January 1, 1996):
1,048,333 (includes 533,333 shares reporting person has
a right to acquire upon conversion of registered bonds)
(b) Percent of Class (as of January 1, 1996):
16.7%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote 1,048,333
(ii) shared power to vote or to direct the vote --
(iii) sole power to dispose or to direct the disposition of
1,048,333
(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.
February 8, 1996
__________________________________
(Date)
/s/ Steven E. Berman
__________________________________
(Signature)
Steven E. Berman/Member
____________________________________
(Name/Title)
