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Filed Pursuant to Rule 424(b)(3)
Registration No. 333-61319
PROSPECTUS SUPPLEMENT
Dated November 2, 1998
To the Prospectus dated September 21, 1998
GLENBOROUGH REALTY TRUST INCORPORATED
Glenborough Realty Trust Incorporated (the "Company") has prepared this
Prospectus Supplement to update certain information included in the Company's
Prospectus dated September 21, 1998 relating to 1,458,152 shares of the
Company's Common Stock, par value $.001 per share, issuable upon conversion of
1,458,152 units (the "Units") of limited partnership interest of Glenborough
Properties, L.P. if and to the extent that the holders of the Units tender such
Units for redemption and the Company elects to redeem such Units for shares of
Common Stock rather than for cash.
The 61,222 Units (the "NFG Units") held by NFG, a Texas Limited Partnership
are subject to a pledge and security agreement in favor of Prudential Securities
Incorporated ("Prudential"). Following a transfer of such Units, or shares of
Common Stock issued upon redemption of such Units, to Prudential pursuant to
such pledge and security agreement, the shares of Common Stock underlying the
NFG Units may be sold by Prudential pursuant to the Prospectus.
