SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C.  20549

                    _________________________________________

                                    FORM 8-K




                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934





      Date of report (Date of earliest event reported):   December 31, 1998





                           WEINGARTEN REALTY INVESTORS
                           ---------------------------
             (Exact name of registrant as specified in its charter)



                                     1-9876
                           ---------------------------
                            (Commission File Number)




                      Texas                                  74-1464203
       --------------- ---------------------              -----------------
          (State or other jurisdiction of                 (I.R.S. Employer
           incorporation or organization)                Identification No.)

  2600 Citadel Plaza Drive, Suite 300, Houston, Texas          77008
-------------------------------------------------------   -----------------
      (Address of principal executive offices)               (Zip Code)




       Registrant's telephone number, including area code: (713) 866-6000
                                                           --------------


<PAGE>


ITEM 2.  ACQUISITION  OR  DISPOSITION  OF  ASSETS

         During  the  year ended  December 31, 1998, Weingarten Realty Investors
(the "Company")  acquired  four  retail  centers  and  15  industrial  projects.
Additionally,  the  Company  acquired  the  second  phase  of a retail center it
already  owned and bought adjoining buildings at two of its shopping centers.  A
partnership  formed  by  the  Company  acquired  an  anchored shopping center in
exchange for operating partnership units and assumption of $9.1 million of debt.
Material  factors  considered  in  each  of the acquisitions made by the Company
include  historical  and prospective financial performance of the center, credit
quality  of  the  tenancy,  local  and  regional  demographics,  location  and
competition,  ad  valorem  tax  rates, condition of the property and the related
anticipated  level  of  capital  expenditures required.  The total investment in
acquisitions  during  1998  was  $128 million.  Audited financial statements and
unaudited  pro  forma financial information on these properties are submitted in
ITEM  7.  below.

ITEM  7.  FINANCIAL  STATEMENTS,  PRO  FORMA  FINANCIAL INFORMATION AND EXHIBITS

         The  following  financial  statements,  pro  forma financial statements
and exhibits  are  filed  as  part  of  this  report:

         (a)  Financial  statements  of  businesses  acquired:

              1.  Regal  Distribution  Center

                  (i)    Independent  Auditors'  Report

                  (ii)   Statement of Revenue and Certain Expenses  for the Year
                         Ended December 31,  1997

                  (iii)  Notes  to  Statement  of Revenue  and Certain  Expenses

              2.  Brodie  Oaks  Shopping  Center

                  (i)    Independent  Auditors'  Report

                  (ii)   Statement  of  Revenue and  Certain Expenses  for  the
                         Period from January 1,  1998 through  October 9,  1998

                  (iii)  Notes  to Statement of Revenue and Certain Expenses

         (b)  Pro  Forma  Condensed  Financial  Statement  (unaudited)  of
              Weingarten  Realty  Investors,  the  Acquired  Properties  and
              Other  Acquisitions*

              1.  Pro  Forma  Condensed  Statement  of  Consolidated  Income for
                  the  Year  Ended  December  31,  1998

              2.  Notes  and  Significant  Assumptions

         (c)  Exhibits:

              Included  herewith  is  Exhibit  No.  23.1,  the  Consent  of  the
              Independent  Accountants
-------------
*     A  Pro  Forma  Consolidated  Balance  Sheet as of December 31, 1998 is not
      presented  as  all acquisitions  covered  by  this Current  Report on Form
      8-K  were  completed  prior  to  December 31, 1998  and, accordingly,  are
      reflected in the Consolidated Balance Sheet included  in  the Company's
      Annual  Report  on  Form  10-K  for  the  year  then  ended.



<PAGE>

REGAL  DISTRIBUTION  CENTER



INDEPENDENT  AUDITORS'  REPORT

To  the  Board  of  Trust  Managers  and  Shareholders  of
     Weingarten  Realty  Investors:

We  have  audited  the accompanying statement of revenue and certain expenses of
Regal  Distribution  Center (the "Center") for the year ended December 31, 1997.
This  statement  of  revenue  and  certain expenses is the responsibility of the
Center's  management.  Our  responsibility  is  to  express  an  opinion  on the
statement  of  revenue  and  certain  expenses  based  on  our  audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those  standards require that we plan and perform the audit to obtain reasonable
assurance about whether the statement of revenue and certain expenses is free of
material  misstatement.  An  audit  includes examining on a test basis, evidence
supporting the amounts and disclosures in the statement.  An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audit  provides  a  reasonable  basis  for  our opinion.

The  accompanying statement of revenue and certain expenses was prepared for the
purpose  of  complying  with  the  rules  and  regulations of the Securities and
Exchange  Commission  for  inclusion in Form 8-K of Weingarten Realty Investors.
Certain  expenses  (described  in  Note 1) that would not be comparable to those
resulting  from  the proposed future operations of the property are excluded and
the  statement  is not intended to be a complete presentation of the revenue and
expenses  of  the  property.

In  our  opinion, the statement of revenue and certain expenses presents fairly,
in all material respects, the revenue and certain expenses, as defined above, of
Regal  Distribution  Center  for  the  year  ended  December  31,  1997.




Deloitte  &  Touche  LLP
Houston,  Texas
August  6,  1999





<PAGE>

                  REGAL DISTRIBUTION CENTER
          STATEMENT OF REVENUE AND CERTAIN EXPENSES
            FOR THE YEAR ENDED DECEMBER 31, 1997
<TABLE>
<CAPTION>

<S>                                            <C>
REVENUE:
    Rental. . . . . . . . . . . . . . . . . .  $ 544,238
    Tenant reimbursements . . . . . . . . . .     26,514
                                               ---------

              Total Revenue . . . . . . . . .    570,752
                                               ---------

CERTAIN EXPENSES:
    Property operating and maintenance. . . .     55,928
    Real estate taxes and assessments . . . .     93,820
                                               ---------

              Total Certain Expenses. . . . .    149,748
                                               ---------


EXCESS OF REVENUE OVER CERTAIN EXPENSES . . .  $ 421,004
                                               =========

------------------------------------------------------------
</TABLE>



See  accompanying  notes  to  statement  of  revenue and certain expenses.




<PAGE>


                            REGAL DISTRIBUTION CENTER
               NOTES TO STATEMENT OF REVENUE AND CERTAIN EXPENSES
                      FOR THE YEAR ENDED DECEMBER 31, 1997

1.     ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

ORGANIZATION  -  The  accompanying  statement  of  revenue  and certain expenses
includes  the  operations of Regal Distribution Center (the "Center"), a 203,000
square  foot  distribution  industrial  center in Dallas, Texas.  The Center was
acquired  by  Weingarten  Realty Investors (the "Company") on April 17, 1998 for
$4,041,000.  The  Company  is  a  Texas  real  estate investment trust, which is
primarily  involved  in  the  acquisition,  development,  and management of real
estate, consisting mostly of neighborhood and community shopping centers and, to
a  lesser  extent,  industrial  properties.

BASIS  OF  PRESENTATION - The accompanying statement was prepared to comply with
the  rules  and  regulations  of  the  Securities  and  Exchange  Commission for
inclusion  in  Form  8-K  of  the  Company.

The  accompanying  statement  is not representative of the actual operations for
the  period  presented  as  certain  expenses  that may not be comparable to the
expenses  expected to be incurred by the Company in the future operations of the
Center  have been excluded.  Excluded expenses consist of interest, depreciation
and  amortization,  property  expenses  and general and administrative costs not
directly  comparable  to  the  future  operations  of  the  Center.

REVENUE  RECOGNITION - Rental revenue is generally recognized on a straight-line
basis  over  the  life of the lease for operating leases.  Tenant reimbursements
(payments  for  taxes,  maintenance  expenses  and insurance by the lessees) are
estimated  and  accrued  over  the  fiscal  year.

USE  OF  ESTIMATES  -  The  preparation  of  the  financial  statement  requires
management to make use of estimates and assumptions that affect amounts reported
in the financial statement as well as certain disclosures.  Actual results could
differ  from  those  estimates.

2.     RENTALS  UNDER  OPERATING  LEASES

Future  minimum  rental  income from non-cancelable operating leases at December
31, 1997, is:  $571,376 in 1998; $628,686 in 1999; $405,137 in 2000; $252,608 in
2001;  $201,140  in  2002;  and  $167,805  thereafter.




<PAGE>

BRODIE  OAKS  SHOPPING  CENTER



INDEPENDENT  AUDITORS'  REPORT

To  the  Board  of  Trust  Managers  and  Shareholders  of
     Weingarten  Realty  Investors:

We  have  audited  the  accompanying  statement  of  rental  revenue and certain
expenses  of  Brodie Oaks Shopping Center ("Brodie") for the period from January
1, 1998 through October 9, 1998.  This statement of revenue and certain expenses
is  the responsibility of Brodie's management.  Our responsibility is to express
an  opinion on the statement of revenue and certain expenses based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those  standards require that we plan and perform the audit to obtain reasonable
assurance about whether the statement of revenue and certain expenses is free of
material  misstatement.  An  audit  includes examining on a test basis, evidence
supporting the amounts and disclosures in the statement.  An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audit  provides  a  reasonable  basis  for  our opinion.

The  accompanying  statement of rental revenue and certain expenses was prepared
for  the  purpose  of complying with the rules and regulations of the Securities
and  Exchange  Commission  for  inclusion  in  Form  8-K  of  Weingarten  Realty
Investors.  Certain  expenses (described in Note 1) that would not be comparable
to  those  resulting  from  the  proposed  future operations of the property are
excluded  and the statement is not intended to be a complete presentation of the
revenue  and  expenses  of  the  property.

In  our  opinion, the statement of revenue and certain expenses presents fairly,
in all material respects, the revenue and certain expenses, as defined above, of
Brodie  Oaks Shopping Center for the period from January 1, 1998 through October
9,  1998.




Deloitte  &  Touche  LLP
Houston,  Texas
July  23,  1999



<PAGE>

                           BRODIE OAKS SHOPPING CENTER
                    STATEMENT OF REVENUE AND CERTAIN EXPENSES
           FOR THE PERIOD FROM JANUARY 1, 1998 THROUGH OCTOBER 9, 1998
<TABLE>
<CAPTION>

<S>                                      <C>
REVENUE:
    Rental. . . . . . . . . . . . . . . . . . .  $ 1,995,367
    Tenant reimbursements . . . . . . . . . . .      887,822
                                                 -----------

          Total Revenue . . . . . . . . . . . .    2,883,189
                                                 -----------

CERTAIN EXPENSES:
    Property operating and maintenance. . . . .      501,017
    Real estate taxes and assessments . . . . .      352,228
                                                 -----------

          Total Certain Expenses. . . . . . . .      853,245
                                                 -----------


EXCESS OF REVENUE OVER CERTAIN EXPENSES . . . .  $ 2,029,944
                                                 ===========

----------------------------------------------------------------
</TABLE>



See  accompanying  notes  to  statement  of  revenue and certain expenses.




<PAGE>

                          BRODIE OAKS SHOPPING CENTER
               NOTES TO STATEMENT OF REVENUE AND CERTAIN EXPENSES
          FOR THE PERIOD FROM JANUARY 1, 1998 THROUGH OCTOBER 9, 1998

1.     ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

ORGANIZATION  -  The  accompanying  statement  of  revenue  and certain expenses
includes  the  operations  of  Brodie Oaks Shopping Center ("Brodie"), a 245,000
square foot shopping center in Austin, Texas.  Brodie was acquired by Weingarten
Realty  Investors  (the  "Company")  on  October  9,  1998 for $27,078,000.  The
Company  is a Texas real estate investment trust, which is primarily involved in
the  acquisition,  development, and management of real estate, consisting mostly
of  neighborhood  and  community  shopping  centers  and,  to  a  lesser extent,
industrial  properties.

BASIS  OF  PRESENTATION - The accompanying statement was prepared to comply with
the  rules  and  regulations  of  the  Securities  and  Exchange  Commission for
inclusion  in  Form  8-K  of  the  Company.

The  accompanying  statement  is not representative of the actual operations for
the  period  presented  as  certain  expenses  that may not be comparable to the
expenses  expected  to  be  incurred  by the Company in the future operations of
Brodie  have been excluded.  Excluded expenses consist of interest, depreciation
and  amortization,  property  expenses  and general and administrative costs not
directly  comparable  to  the  future  operations  of  Brodie.

REVENUE  RECOGNITION - Rental revenue is generally recognized on a straight-line
basis  over  the  life of the lease for operating leases.  Tenant reimbursements
(payments  for  taxes,  maintenance  expenses  and insurance by the lessees) are
estimated  and  accrued  over the fiscal year.  Revenue based on a percentage of
tenants'  sales  is  estimated  and  accrued  ratably  over  the  lease  year.

USE  OF  ESTIMATES  -  The  preparation  of  the  financial  statement  requires
management to make use of estimates and assumptions that affect amounts reported
in the financial statement as well as certain disclosures.  Actual results could
differ  from  those  estimates.

2.     RENTALS  UNDER  OPERATING  LEASES

Future  minimum rental income from non-cancelable operating leases at October 9,
1998,  is:  $2,489,078  in  1999;  $2,076,255  in  2000;  $1,839,840  in  2001;
$1,526,991  in  2002;  $1,007,278  in  2003;  and  $2,317,483  thereafter.



<PAGE>


                           WEINGARTEN REALTY INVESTORS
              PRO FORMA CONDENSED STATEMENT OF CONSOLIDATED INCOME
                          YEAR ENDED DECEMBER 31, 1998
                                   (Unaudited)

                    (in thousands, except per share amounts)

This unaudited Pro Forma Condensed Statement of Consolidated Income is presented
as  if (A)  the acquisitions of the acquired properties and (B)  the acquisition
of  other properties, as set forth in the Notes and Significant Assumptions, had
occurred  as  of  January  1,  1998.  In  management's  opinion, all adjustments
necessary  to  reflect  the  effects of these transactions have been made.  This
unaudited  Pro  Forma  Condensed  Statement  of  Consolidated  Income  is  not
necessarily  indicative of what actual results of operations would have been had
these transactions occurred on January 1, 1998, nor does it purport to represent
the  results  of  operations  for  future  periods.

<TABLE>
<CAPTION>



                                                                     Adjustment      Adjustment
                                                                    for Acquired      for Other          Pro
                                                       Historical   Properties(A)  Acquisitions(B)      Forma
                                                      ------------  -------------  ---------------  ------------
<S>                                                   <C>           <C>           <C>               <C>
Revenue:

  Rentals. . . . . . . . . . . . . . . . . . . . . .  $   194,624   $      4,231   $        5,212   $   204,067
  Interest . . . . . . . . . . . . . . . . . . . . .        2,089             25               13         2,127
  Other. . . . . . . . . . . . . . . . . . . . . . .        1,754              1                1         1,756
                                                      ------------  -------------  ---------------  ------------
      Total Revenue. . . . . . . . . . . . . . . . .      198,467          4,257            5,226       207,950
                                                      ------------  -------------  ---------------  ------------

Expenses:

  Operating. . . . . . . . . . . . . . . . . . . . .       30,413            733            1,087        32,233
  Ad Valorem Taxes . . . . . . . . . . . . . . . . .       24,436            634              841        25,911
  Depreciation & Amortization. . . . . . . . . . . .       41,946            613              796        43,355
  Interest . . . . . . . . . . . . . . . . . . . . .       33,654          1,931            2,506        38,091
  General &  Administrative. . . . . . . . . . . . .        7,146                                         7,146
                                                      ------------  -------------  ---------------  ------------
      Total Expenses . . . . . . . . . . . . . . . .      137,595          3,911            5,230       146,736
                                                      ------------  -------------  ---------------  ------------

Income (Loss) from Operations. . . . . . . . . . . .       60,872            346               (4)       61,214
Gain on Sales of Property and Securities . . . . . .          885                                           885
                                                      ------------  -------------  ---------------  ------------
Income (Loss) Before Extraordinary Charge. . . . . .       61,757            346               (4)       62,099
Extraordinary Charge (early retirement of debt). . .       (1,392)                                       (1,392)
                                                      ------------  -------------  ---------------  ------------

Net Income (Loss). . . . . . . . . . . . . . . . . .  $    60,365   $        346   $           (4)  $    60,707
                                                      ============  =============  ===============  ============

Net Income (Loss) Available to Common Shareholders:
     Basic . . . . . . . . . . . . . . . . . . . . .  $    54,484   $        346   $           (4)  $    54,826
                                                      ============  =============  ===============  ============
     Diluted . . . . . . . . . . . . . . . . . . . .  $    54,521   $        346   $          410   $    55,277
                                                      ============  =============  ===============  ============

Net Income per Common Share - Basic. . . . . . . . .  $      2.04                                   $      2.06
                                                      ============                                  ============
Net Income per Common Share - Diluted. . . . . . . .  $      2.03                                   $      2.05
                                                      ============                                  ============

Weighted Average Number of Shares Outstanding:
     Basic . . . . . . . . . . . . . . . . . . . . .       26,667                                        26,667
                                                      ============                                  ============
     Diluted . . . . . . . . . . . . . . . . . . . .       26,869                                        26,947
                                                      ============                                  ============

</TABLE>



<PAGE>



                          WEINGARTEN REALTY INVESTORS
                       NOTES AND SIGNIFICANT ASSUMPTIONS
                          YEAR ENDED DECEMBER 31,1998
                                  (Unaudited)


(A)     ACQUIRED  PROPERTIES

The aggregate purchase price for the acquisitions described below (the "Acquired
Properties")  was  $73.5  million  and was allocated between land and buildings,
with  the  buildings  being  depreciated  over  a  period of forty years.  These
purchases  were  funded  under  the Company's revolving credit facility (average
rate of 6.3%), with the exception of a $4.1 million note (rate of 10%) which was
assumed by the Company.  Pro forma revenue and expenses, other than interest and
depreciation,  represent  the  historical  amounts  of  the Acquired Properties.

On  March 3, 1998, the Company acquired Central Plaza located in Lubbock, Texas.
Developed  in  1979,  this  152,000 square foot retail center is located on 12.1
acres  at  the  northeast  corner  of  Loop  289  and  Slide  Road.

On  March 13, 1998, the Company purchased a free-standing supermarket located in
Dallas,  Texas.  Developed in 1991, this 32,000 square foot center is located at
the  northwest  corner  of Belt Line Road and Marshall Drive on 5.4 acres.  This
property  was  vacant  when  purchased,  but is currently leased to Minyard Food
Stores,  Inc.

On  March  20,  1998, the Company acquired Moore Plaza in Corpus Christi, Texas.
Developed in phases beginning in 1989 and ending in 1991, the center is situated
on  34.24  acres of land at the southwest corner of South Padre Island Drive and
Staples.  This  360,000  square  foot  shopping  center  is anchored by Builders
Square,  Hobby  Lobby,  Circuit  City, Office Depot and Old Navy, as well as HEB
Supermarket  and  Target  that  are  tenant-owned.

On  April  17,  1998, the Company purchased Regal Distribution Center in Dallas,
Texas.  Developed  in  1973,  this  203,000 square foot center is located on 7.3
acres  of  land  at  4747  Leston  Avenue.

On October 9, 1998, the Company purchased Brodie Oaks Shopping Center, a 245,000
square  foot  shopping center in Austin, Texas.  Developed in 1983 and 1984, the
center  is located on 24.1 acres at the northwest corner of South Lamar and Loop
360.  This  retail  center with an office building is anchored by Nieman Marcus'
Last  Call  and  Sun  Harvest  Farms,  a  gourmet  specialty  supermarket.




<PAGE>
B)     OTHER  ACQUISITIONS

The  aggregate  purchase  price for the acquisitions described below (the "Other
Acquisitions")  was  $54.5 million and was allocated between land and buildings,
with  the  buildings  being  depreciated  over  a  period of forty years.  These
purchases  were funded with $48.7 million borrowed under the Company's revolving
credit facility (average rate of 6.3%) and assumption of $2.6 million of debt at
7.625%  and  $3.2  million  at  10%.  Pro forma revenue and expenses, other than
interest  and  depreciation,  represent  the  historical  amounts  of  the Other
Acquisitions.

On  May  29,  1998, the Company acquired Space Center Industrial Park in Dallas,
Texas.  Developed in 1970, this 265,000 square foot industrial center is located
at  the  southwest corner of Pulaski Street and Irving Boulevard on 9.8 acres of
land.  Major tenants include Weir's Furniture Village, Inc., Furniture Marketing
Group,  Inc.,  Kichler  Lighting  and  J.L.  Hammett  Company.

On  June  12,  1998,  the Company acquired the Houston Cold Storage Warehouse, a
128,000  square foot refrigerated storage facility in Railwood, a master planned
industrial  park in Houston, Texas.  Developed in 1991, the center is located on
11.74  acres at 7080 Express Lane.  The center is 100% leased to Houston Central
Industries.

On  June  25, 1998, the Company purchased an adjoining building at its Galveston
Place Shopping Center.  This 83,000 square foot center was developed in 1983 and
is  located  at  61st  and  Central  in  Galveston,  Texas on 6.9 acres of land.

On  June 25, 1998, the Company purchased an adjoining building at its Montgomery
Plaza Shopping Center.  This 82,000 square foot center was developed in 1984 and
is  located  at  1420  Loop  336  West  in  Conroe, Texas on 5.45 acres of land.

On  August 6, 1998, the Company acquired Blankenship Building in Houston, Texas.
Developed  in  1980,  this 60,000 square foot center is located on 4.02 acres in
the  Kempwood  Business  Park.

On  August 31, 1998, the Company acquired the Levitz Building in Houston, Texas.
This 184,000 square foot center is located at 5757 Loop 610 South on 10.3 acres.

On  September  4, 1998, the Company acquired Phase II of Mission Shopping Center
in  Las  Vegas, Nevada.  Phase II is located at the northeast corner of Flamingo
and  Maryland Parkway and contains 81,000 square feet on 7.3 acres.  Phase II is
100%  leased  to  Toys  R  Us  and  T.J.  Maxx.

On  September 15, 1998, a partnership formed by the Company acquired an anchored
shopping  center  in Little Rock, Arkansas in exchange for operating partnership
units  and the assumption of $9.1 million of debt.  The Company has an effective
ownership interest of 35% in this partnership.   Developed in 1989 through 1991,
the center is located on 17.65 acres at 11400 West Markham.  This 178,000 square
foot  shopping  center  is  anchored  by  Mega  Market  supermarket,  Service
Merchandise,  Office  Depot  and  Michael's  Arts  &  Crafts.

On  September  29,  1998,  the  Company purchased Redbird Distribution Center, a
111,000  square  foot  bulk  warehouse in Dallas, Texas.  Developed in 1974, the
center is located on 4.74 acres at 4525 Joseph Hardin Drive.  The center is 100%
leased  to  Bronco  Packaging Corporation, Reid Plastics, Inc. and Pre-Q Rubber,
Ltd.



<PAGE>

On  October  23, 1998, the Company purchased the Southwide Warehouse in Memphis,
Tennessee.  Developed  in  1975,  the  356,000  square foot center is located on
16.78  acres  at  Burma  Road  and  Red  Drive.

On  October  23,  1998,  the  Company  purchased  the Thomas Street Warehouse in
Memphis,  Tennessee.  Developed  in  1971, the center is located on 9.6 acres at
1629  Thomas Street.  This 164,000 square foot center is 100% leased to Triple H
Incorporated,  a  public  warehouser.

On  October  23,  1998,  the  Company  purchased the Crowfarn Drive Warehouse in
Memphis,  Tennessee.  Developed  in 1974, the center is located on 7.28 acres at
3800-3844  Crowfarn  Drive.  The  159,000  square  foot center is 100% leased to
Nordstrom,  Inc.  and  Reynolds  Metals  Company.

On  December  23, 1998, the Company acquired Southport Business Park in Houston,
Texas.  Developed in 1980, the center is located on 8.23 acres on South Loop 610
at the Mykawa/Crestmont exit.  This 157,000 square foot center is 100% leased to
Great  Spring  Waters  of  America  and  Flow  Line  Division  of  Markovitz.

On December 23, 1998, the Company purchased the Crosspoint Warehouse in Houston,
Texas.  Developed  in  1980,  this  72,000 square foot center is located on 4.11
acres  at  1701  Cross  Point.

On  December  31,  1998,  the Company acquired DFW/Port America, a 45,000 square
foot  industrial  center in Grapevine, Texas.  Developed in 1978, this center is
located  on  2.53  acres  at  801  and  804  Poet  America  Place.

On  December  31,  1998, the Company acquired Randol Mill Place, a 55,000 square
foot  industrial  center  in Arlington, Texas.  Developed in 1979, the center is
located  on  4.09  acres  at  2500  Randol  Mill  Road.

On  December  31, 1998, the Company acquired Northhaven Business Park in Dallas,
Texas.  Developed  in  1973,  this  151,000 square foot center is located on 8.8
acres  near  the  southeast  intersection  of  Interstate  35  and  LBJ freeway.

On  December  31,  1998,  the  Company  acquired  Walnut Trails Business Park in
Dallas, Texas.  Developed in 1979, this 103,000 square foot center is located on
7.1  acres  at  2636  Walnut  Hill  Lane.



<PAGE>

<TABLE>
<CAPTION>


                           WEINGARTEN REALTY INVESTORS
                STATEMENT OF ESTIMATED TAXABLE OPERATING RESULTS
                   AND CASH TO BE MADE AVAILABLE BY OPERATIONS
               FOR THE TWELVE MONTH PERIOD ENDED DECEMBER 31, 1998
                                   (Unaudited)



<S>                                                      <C>
Revenue . . . . . . . . . . . . . . . . . . . . . . . .  $ 17,795

Expenses:
  Operating . . . . . . . . . . . . . . . . . . . . . .     2,766
  Ad Valorem Taxes. . . . . . . . . . . . . . . . . . .     3,043
  Depreciation & Amortization . . . . . . . . . . . . .     2,778
  Interest. . . . . . . . . . . . . . . . . . . . . . .     8,733
                                                         --------
      Total Expenses. . . . . . . . . . . . . . . . . .    17,320
                                                         --------

Estimated Taxable Operating Gain. . . . . . . . . . . .       475

Add back depreciation & amortization. . . . . . . . . .     2,778
                                                         --------

Estimated Cash to be Made Available from Operations . .  $  3,253
                                                         ========

<FN>

Note:  This  statement of estimated taxable operating results and estimated cash
       to  be made available from operations is an estimate of operating results
       for  all  properties  acquired by  the  Company  during  the  year  ended
       December 31, 1998 and does not purport  to  reflect  actual  results  for
       any  period.
</TABLE>






(c)  Exhibits

     Exhibit  Number     Description
     ---------------     -----------
         23.1            Consent of Deloitte & Touche LLP



<PAGE>

                                   SIGNATURES


Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.


                                                  WEINGARTEN  REALTY  INVESTORS
                                                  -----------------------------
                                                          (Registrant)



                                                  BY:  /s/ Stephen  C.  Richter
                                                  -----------------------------
                                                         Stephen C. Richter
                                                 Senior Vice President/Financial
                                                   Administration and Treasurer
                                                  (Principal Accounting Officer)




DATE:     August  13,  1999
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 32049}]
{"company-data": {"conformed-name": "WEINGARTEN REALTY INVESTORS /TX/", "cik": "0000828916", "assigned-sic": "6798", "irs-number": "741464203", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09876", "film-number": "99688465"}, "business-address": {"street1": "2600 CITADEL PLAZA DR", "street2": "SUITE 300", "city": "HOUSTON", "state": "TX", "zip": "77292", "phone": "7138666000"}, "mail-address": {"street1": "P O BOX 924133", "street2": "P O BOX 924133", "city": "HOUSTON", "state": "TX", "zip": "77292-4133"}}
SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C.  20549

                    _________________________________________

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported):   December 31, 1998

                           WEINGARTEN REALTY INVESTORS
                           ---------------------------
             (Exact name of registrant as specified in its charter)

                                     1-9876
                           ---------------------------
                            (Commission File Number)

                      Texas                                  74-1464203
       --------------- ---------------------              -----------------
          (State or other jurisdiction of                 (I.R.S. Employer
           incorporation or organization)                Identification No.)

  2600 Citadel Plaza Drive, Suite 300, Houston, Texas          77008
-------------------------------------------------------   -----------------
      (Address of principal executive offices)               (Zip Code)

       Registrant's telephone number, including area code: (713) 866-6000
                                                           --------------
ITEM 2.  ACQUISITION  OR  DISPOSITION  OF  ASSETS

         During  the  year ended  December 31, 1998, Weingarten Realty Investors
(the "Company")  acquired  four  retail  centers  and  15  industrial  projects.
Additionally,  the  Company  acquired  the  second  phase  of a retail center it
already  owned and bought adjoining buildings at two of its shopping centers.  A
partnership  formed  by  the  Company  acquired  an  anchored shopping center in
exchange for operating partnership units and assumption of $9.1 million of debt.
Material  factors  considered  in  each  of the acquisitions made by the Company
include  historical  and prospective financial performance of the center, credit
quality  of  the  tenancy,  local  and  regional  demographics,  location  and
competition,  ad  valorem  tax  rates, condition of the property and the related
anticipated  level  of  capital  expenditures required.  The total investment in
acquisitions  during  1998  was  $128 million.  Audited financial statements and
unaudited  pro  forma financial information on these properties are submitted in
ITEM  7.  below.

ITEM  7.  FINANCIAL  STATEMENTS,  PRO  FORMA  FINANCIAL INFORMATION AND EXHIBITS

         The  following  financial  statements,  pro  forma financial statements
and exhibits  are  filed  as  part  of  this  report:

         (a)  Financial  statements  of  businesses  acquired:

              1.  Regal  Distribution  Center

                  (i)    Independent  Auditors'  Report

                  (ii)   Statement of Revenue and Certain Expenses  for the Year
                         Ended December 31,  1997

                  (iii)  Notes  to  Statement  of Revenue  and Certain  Expenses

              2.  Brodie  Oaks  Shopping  Center

                  (i)    Independent  Auditors'  Report

                  (ii)   Statement  of  Revenue and  Certain Expenses  for  the
                         Period from January 1,  1998 through  October 9,  1998

                  (iii)  Notes  to Statement of Revenue and Certain Expenses

         (b)  Pro  Forma  Condensed  Financial  Statement  (unaudited)  of
              Weingarten  Realty  Investors,  the  Acquired  Properties  and
              Other  Acquisitions*

              1.  Pro  Forma  Condensed  Statement  of  Consolidated  Income for
                  the  Year  Ended  December  31,  1998

              2.  Notes  and  Significant  Assumptions

         (c)  Exhibits:

              Included  herewith  is  Exhibit  No.  23.1,  the  Consent  of  the
              Independent  Accountants
-------------
*     A  Pro  Forma  Consolidated  Balance  Sheet as of December 31, 1998 is not
      presented  as  all acquisitions  covered  by  this Current  Report on Form
      8-K  were  completed  prior  to  December 31, 1998  and, accordingly,  are
      reflected in the Consolidated Balance Sheet included  in  the Company's
      Annual  Report  on  Form  10-K  for  the  year  then  ended.
REGAL  DISTRIBUTION  CENTER

INDEPENDENT  AUDITORS'  REPORT

To  the  Board  of  Trust  Managers  and  Shareholders  of
     Weingarten  Realty  Investors:

We  have  audited  the accompanying statement of revenue and certain expenses of
Regal  Distribution  Center (the "Center") for the year ended December 31, 1997.
This  statement  of  revenue  and  certain expenses is the responsibility of the
Center's  management.  Our  responsibility  is  to  express  an  opinion  on the
statement  of  revenue  and  certain  expenses  based  on  our  audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those  standards require that we plan and perform the audit to obtain reasonable
assurance about whether the statement of revenue and certain expenses is free of
material  misstatement.  An  audit  includes examining on a test basis, evidence
supporting the amounts and disclosures in the statement.  An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audit  provides  a  reasonable  basis  for  our opinion.

The  accompanying statement of revenue and certain expenses was prepared for the
purpose  of  complying  with  the  rules  and  regulations of the Securities and
Exchange  Commission  for  inclusion in Form 8-K of Weingarten Realty Investors.
Certain  expenses  (described  in  Note 1) that would not be comparable to those
resulting  from  the proposed future operations of the property are excluded and
the  statement  is not intended to be a complete presentation of the revenue and
expenses  of  the  property.

In  our  opinion, the statement of revenue and certain expenses presents fairly,
in all material respects, the revenue and certain expenses, as defined above, of
Regal  Distribution  Center  for  the  year  ended  December  31,  1997.

Deloitte  &  Touche  LLP
Houston,  Texas
August  6,  1999
REGAL DISTRIBUTION CENTER
          STATEMENT OF REVENUE AND CERTAIN EXPENSES
            FOR THE YEAR ENDED DECEMBER 31, 1997
REVENUE:
    Rental. . . . . . . . . . . . . . . . . .  $ 544,238
    Tenant reimbursements . . . . . . . . . .     26,514
                                               ---------

              Total Revenue . . . . . . . . .    570,752
                                               ---------

CERTAIN EXPENSES:
    Property operating and maintenance. . . .     55,928
    Real estate taxes and assessments . . . .     93,820
                                               ---------

              Total Certain Expenses. . . . .    149,748
                                               ---------

EXCESS OF REVENUE OVER CERTAIN EXPENSES . . .  $ 421,004
                                               =========

------------------------------------------------------------
See  accompanying  notes  to  statement  of  revenue and certain expenses.
REGAL DISTRIBUTION CENTER
               NOTES TO STATEMENT OF REVENUE AND CERTAIN EXPENSES
                      FOR THE YEAR ENDED DECEMBER 31, 1997

1.     ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

ORGANIZATION  -  The  accompanying  statement  of  revenue  and certain expenses
includes  the  operations of Regal Distribution Center (the "Center"), a 203,000
square  foot  distribution  industrial  center in Dallas, Texas.  The Center was
acquired  by  Weingarten  Realty Investors (the "Company") on April 17, 1998 for
$4,041,000.  The  Company  is  a  Texas  real  estate investment trust, which is
primarily  involved  in  the  acquisition,  development,  and management of real
estate, consisting mostly of neighborhood and community shopping centers and, to
a  lesser  extent,  industrial  properties.

BASIS  OF  PRESENTATION - The accompanying statement was prepared to comply with
the  rules  and  regulations  of  the  Securities  and  Exchange  Commission for
inclusion  in  Form  8-K  of  the  Company.

The  accompanying  statement  is not representative of the actual operations for
the  period  presented  as  certain  expenses  that may not be comparable to the
expenses  expected to be incurred by the Company in the future operations of the
Center  have been excluded.  Excluded expenses consist of interest, depreciation
and  amortization,  property  expenses  and general and administrative costs not
directly  comparable  to  the  future  operations  of  the  Center.

REVENUE  RECOGNITION - Rental revenue is generally recognized on a straight-line
basis  over  the  life of the lease for operating leases.  Tenant reimbursements
(payments  for  taxes,  maintenance  expenses  and insurance by the lessees) are
estimated  and  accrued  over  the  fiscal  year.

USE  OF  ESTIMATES  -  The  preparation  of  the  financial  statement  requires
management to make use of estimates and assumptions that affect amounts reported
in the financial statement as well as certain disclosures.  Actual results could
differ  from  those  estimates.

2.     RENTALS  UNDER  OPERATING  LEASES

Future  minimum  rental  income from non-cancelable operating leases at December
31, 1997, is:  $571,376 in 1998; $628,686 in 1999; $405,137 in 2000; $252,608 in
2001;  $201,140  in  2002;  and  $167,805  thereafter.
BRODIE  OAKS  SHOPPING  CENTER

INDEPENDENT  AUDITORS'  REPORT

To  the  Board  of  Trust  Managers  and  Shareholders  of
     Weingarten  Realty  Investors:

We  have  audited  the  accompanying  statement  of  rental  revenue and certain
expenses  of  Brodie Oaks Shopping Center ("Brodie") for the period from January
1, 1998 through October 9, 1998.  This statement of revenue and certain expenses
is  the responsibility of Brodie's management.  Our responsibility is to express
an  opinion on the statement of revenue and certain expenses based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those  standards require that we plan and perform the audit to obtain reasonable
assurance about whether the statement of revenue and certain expenses is free of
material  misstatement.  An  audit  includes examining on a test basis, evidence
supporting the amounts and disclosures in the statement.  An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audit  provides  a  reasonable  basis  for  our opinion.

The  accompanying  statement of rental revenue and certain expenses was prepared
for  the  purpose  of complying with the rules and regulations of the Securities
and  Exchange  Commission  for  inclusion  in  Form  8-K  of  Weingarten  Realty
Investors.  Certain  expenses (described in Note 1) that would not be comparable
to  those  resulting  from  the  proposed  future operations of the property are
excluded  and the statement is not intended to be a complete presentation of the
revenue  and  expenses  of  the  property.

In  our  opinion, the statement of revenue and certain expenses presents fairly,
in all material respects, the revenue and certain expenses, as defined above, of
Brodie  Oaks Shopping Center for the period from January 1, 1998 through October
9,  1998.

Deloitte  &  Touche  LLP
Houston,  Texas
July  23,  1999
BRODIE OAKS SHOPPING CENTER
                    STATEMENT OF REVENUE AND CERTAIN EXPENSES
           FOR THE PERIOD FROM JANUARY 1, 1998 THROUGH OCTOBER 9, 1998
REVENUE:
    Rental. . . . . . . . . . . . . . . . . . .  $ 1,995,367
    Tenant reimbursements . . . . . . . . . . .      887,822
                                                 -----------

          Total Revenue . . . . . . . . . . . .    2,883,189
                                                 -----------

CERTAIN EXPENSES:
    Property operating and maintenance. . . . .      501,017
    Real estate taxes and assessments . . . . .      352,228
                                                 -----------

          Total Certain Expenses. . . . . . . .      853,245
                                                 -----------

EXCESS OF REVENUE OVER CERTAIN EXPENSES . . . .  $ 2,029,944
                                                 ===========

----------------------------------------------------------------
See  accompanying  notes  to  statement  of  revenue and certain expenses.
BRODIE OAKS SHOPPING CENTER
               NOTES TO STATEMENT OF REVENUE AND CERTAIN EXPENSES
          FOR THE PERIOD FROM JANUARY 1, 1998 THROUGH OCTOBER 9, 1998

1.     ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

ORGANIZATION  -  The  accompanying  statement  of  revenue  and certain expenses
includes  the  operations  of  Brodie Oaks Shopping Center ("Brodie"), a 245,000
square foot shopping center in Austin, Texas.  Brodie was acquired by Weingarten
Realty  Investors  (the  "Company")  on  October  9,  1998 for $27,078,000.  The
Company  is a Texas real estate investment trust, which is primarily involved in
the  acquisition,  development, and management of real estate, consisting mostly
of  neighborhood  and  community  shopping  centers  and,  to  a  lesser extent,
industrial  properties.

BASIS  OF  PRESENTATION - The accompanying statement was prepared to comply with
the  rules  and  regulations  of  the  Securities  and  Exchange  Commission for
inclusion  in  Form  8-K  of  the  Company.

The  accompanying  statement  is not representative of the actual operations for
the  period  presented  as  certain  expenses  that may not be comparable to the
expenses  expected  to  be  incurred  by the Company in the future operations of
Brodie  have been excluded.  Excluded expenses consist of interest, depreciation
and  amortization,  property  expenses  and general and administrative costs not
directly  comparable  to  the  future  operations  of  Brodie.

REVENUE  RECOGNITION - Rental revenue is generally recognized on a straight-line
basis  over  the  life of the lease for operating leases.  Tenant reimbursements
(payments  for  taxes,  maintenance  expenses  and insurance by the lessees) are
estimated  and  accrued  over the fiscal year.  Revenue based on a percentage of
tenants'  sales  is  estimated  and  accrued  ratably  over  the  lease  year.

USE  OF  ESTIMATES  -  The  preparation  of  the  financial  statement  requires
management to make use of estimates and assumptions that affect amounts reported
in the financial statement as well as certain disclosures.  Actual results could
differ  from  those  estimates.

2.     RENTALS  UNDER  OPERATING  LEASES

Future  minimum rental income from non-cancelable operating leases at October 9,
1998,  is:  $2,489,078  in  1999;  $2,076,255  in  2000;  $1,839,840  in  2001;
$1,526,991  in  2002;  $1,007,278  in  2003;  and  $2,317,483  thereafter.
WEINGARTEN REALTY INVESTORS
              PRO FORMA CONDENSED STATEMENT OF CONSOLIDATED INCOME
                          YEAR ENDED DECEMBER 31, 1998
                                   (Unaudited)

                    (in thousands, except per share amounts)

This unaudited Pro Forma Condensed Statement of Consolidated Income is presented
as  if (A)  the acquisitions of the acquired properties and (B)  the acquisition
of  other properties, as set forth in the Notes and Significant Assumptions, had
occurred  as  of  January  1,  1998.  In  management's  opinion, all adjustments
necessary  to  reflect  the  effects of these transactions have been made.  This
unaudited  Pro  Forma  Condensed  Statement  of  Consolidated  Income  is  not
necessarily  indicative of what actual results of operations would have been had
these transactions occurred on January 1, 1998, nor does it purport to represent
the  results  of  operations  for  future  periods.
Adjustment      Adjustment
                                                                    for Acquired      for Other          Pro
                                                       Historical   Properties(A)  Acquisitions(B)      Forma
                                                      ------------  -------------  ---------------  ------------
Revenue:

  Rentals. . . . . . . . . . . . . . . . . . . . . .  $   194,624   $      4,231   $        5,212   $   204,067
  Interest . . . . . . . . . . . . . . . . . . . . .        2,089             25               13         2,127
  Other. . . . . . . . . . . . . . . . . . . . . . .        1,754              1                1         1,756
                                                      ------------  -------------  ---------------  ------------
      Total Revenue. . . . . . . . . . . . . . . . .      198,467          4,257            5,226       207,950
                                                      ------------  -------------  ---------------  ------------

Expenses:

  Operating. . . . . . . . . . . . . . . . . . . . .       30,413            733            1,087        32,233
  Ad Valorem Taxes . . . . . . . . . . . . . . . . .       24,436            634              841        25,911
  Depreciation & Amortization. . . . . . . . . . . .       41,946            613              796        43,355
  Interest . . . . . . . . . . . . . . . . . . . . .       33,654          1,931            2,506        38,091
  General &  Administrative. . . . . . . . . . . . .        7,146                                         7,146
                                                      ------------  -------------  ---------------  ------------
      Total Expenses . . . . . . . . . . . . . . . .      137,595          3,911            5,230       146,736
                                                      ------------  -------------  ---------------  ------------

Income (Loss) from Operations. . . . . . . . . . . .       60,872            346               (4)       61,214
Gain on Sales of Property and Securities . . . . . .          885                                           885
                                                      ------------  -------------  ---------------  ------------
Income (Loss) Before Extraordinary Charge. . . . . .       61,757            346               (4)       62,099
Extraordinary Charge (early retirement of debt). . .       (1,392)                                       (1,392)
                                                      ------------  -------------  ---------------  ------------

Net Income (Loss). . . . . . . . . . . . . . . . . .  $    60,365   $        346   $           (4)  $    60,707
                                                      ============  =============  ===============  ============

Net Income (Loss) Available to Common Shareholders:
     Basic . . . . . . . . . . . . . . . . . . . . .  $    54,484   $        346   $           (4)  $    54,826
                                                      ============  =============  ===============  ============
     Diluted . . . . . . . . . . . . . . . . . . . .  $    54,521   $        346   $          410   $    55,277
                                                      ============  =============  ===============  ============

Net Income per Common Share - Basic. . . . . . . . .  $      2.04                                   $      2.06
                                                      ============                                  ============
Net Income per Common Share - Diluted. . . . . . . .  $      2.03                                   $      2.05
                                                      ============                                  ============

Weighted Average Number of Shares Outstanding:
     Basic . . . . . . . . . . . . . . . . . . . . .       26,667                                        26,667
                                                      ============                                  ============
     Diluted . . . . . . . . . . . . . . . . . . . .       26,869                                        26,947
                                                      ============                                  ============
WEINGARTEN REALTY INVESTORS
                       NOTES AND SIGNIFICANT ASSUMPTIONS
                          YEAR ENDED DECEMBER 31,1998
                                  (Unaudited)

(A)     ACQUIRED  PROPERTIES

The aggregate purchase price for the acquisitions described below (the "Acquired
Properties")  was  $73.5  million  and was allocated between land and buildings,
with  the  buildings  being  depreciated  over  a  period of forty years.  These
purchases  were  funded  under  the Company's revolving credit facility (average
rate of 6.3%), with the exception of a $4.1 million note (rate of 10%) which was
assumed by the Company.  Pro forma revenue and expenses, other than interest and
depreciation,  represent  the  historical  amounts  of  the Acquired Properties.

On  March 3, 1998, the Company acquired Central Plaza located in Lubbock, Texas.
Developed  in  1979,  this  152,000 square foot retail center is located on 12.1
acres  at  the  northeast  corner  of  Loop  289  and  Slide  Road.

On  March 13, 1998, the Company purchased a free-standing supermarket located in
Dallas,  Texas.  Developed in 1991, this 32,000 square foot center is located at
the  northwest  corner  of Belt Line Road and Marshall Drive on 5.4 acres.  This
property  was  vacant  when  purchased,  but is currently leased to Minyard Food
Stores,  Inc.

On  March  20,  1998, the Company acquired Moore Plaza in Corpus Christi, Texas.
Developed in phases beginning in 1989 and ending in 1991, the center is situated
on  34.24  acres of land at the southwest corner of South Padre Island Drive and
Staples.  This  360,000  square  foot  shopping  center  is anchored by Builders
Square,  Hobby  Lobby,  Circuit  City, Office Depot and Old Navy, as well as HEB
Supermarket  and  Target  that  are  tenant-owned.

On  April  17,  1998, the Company purchased Regal Distribution Center in Dallas,
Texas.  Developed  in  1973,  this  203,000 square foot center is located on 7.3
acres  of  land  at  4747  Leston  Avenue.

On October 9, 1998, the Company purchased Brodie Oaks Shopping Center, a 245,000
square  foot  shopping center in Austin, Texas.  Developed in 1983 and 1984, the
center  is located on 24.1 acres at the northwest corner of South Lamar and Loop
360.  This  retail  center with an office building is anchored by Nieman Marcus'
Last  Call  and  Sun  Harvest  Farms,  a  gourmet  specialty  supermarket.
B)     OTHER  ACQUISITIONS

The  aggregate  purchase  price for the acquisitions described below (the "Other
Acquisitions")  was  $54.5 million and was allocated between land and buildings,
with  the  buildings  being  depreciated  over  a  period of forty years.  These
purchases  were funded with $48.7 million borrowed under the Company's revolving
credit facility (average rate of 6.3%) and assumption of $2.6 million of debt at
7.625%  and  $3.2  million  at  10%.  Pro forma revenue and expenses, other than
interest  and  depreciation,  represent  the  historical  amounts  of  the Other
Acquisitions.

On  May  29,  1998, the Company acquired Space Center Industrial Park in Dallas,
Texas.  Developed in 1970, this 265,000 square foot industrial center is located
at  the  southwest corner of Pulaski Street and Irving Boulevard on 9.8 acres of
land.  Major tenants include Weir's Furniture Village, Inc., Furniture Marketing
Group,  Inc.,  Kichler  Lighting  and  J.L.  Hammett  Company.

On  June  12,  1998,  the Company acquired the Houston Cold Storage Warehouse, a
128,000  square foot refrigerated storage facility in Railwood, a master planned
industrial  park in Houston, Texas.  Developed in 1991, the center is located on
11.74  acres at 7080 Express Lane.  The center is 100% leased to Houston Central
Industries.

On  June  25, 1998, the Company purchased an adjoining building at its Galveston
Place Shopping Center.  This 83,000 square foot center was developed in 1983 and
is  located  at  61st  and  Central  in  Galveston,  Texas on 6.9 acres of land.

On  June 25, 1998, the Company purchased an adjoining building at its Montgomery
Plaza Shopping Center.  This 82,000 square foot center was developed in 1984 and
is  located  at  1420  Loop  336  West  in  Conroe, Texas on 5.45 acres of land.

On  August 6, 1998, the Company acquired Blankenship Building in Houston, Texas.
Developed  in  1980,  this 60,000 square foot center is located on 4.02 acres in
the  Kempwood  Business  Park.

On  August 31, 1998, the Company acquired the Levitz Building in Houston, Texas.
This 184,000 square foot center is located at 5757 Loop 610 South on 10.3 acres.

On  September  4, 1998, the Company acquired Phase II of Mission Shopping Center
in  Las  Vegas, Nevada.  Phase II is located at the northeast corner of Flamingo
and  Maryland Parkway and contains 81,000 square feet on 7.3 acres.  Phase II is
100%  leased  to  Toys  R  Us  and  T.J.  Maxx.

On  September 15, 1998, a partnership formed by the Company acquired an anchored
shopping  center  in Little Rock, Arkansas in exchange for operating partnership
units  and the assumption of $9.1 million of debt.  The Company has an effective
ownership interest of 35% in this partnership.   Developed in 1989 through 1991,
the center is located on 17.65 acres at 11400 West Markham.  This 178,000 square
foot  shopping  center  is  anchored  by  Mega  Market  supermarket,  Service
Merchandise,  Office  Depot  and  Michael's  Arts  &  Crafts.

On  September  29,  1998,  the  Company purchased Redbird Distribution Center, a
111,000  square  foot  bulk  warehouse in Dallas, Texas.  Developed in 1974, the
center is located on 4.74 acres at 4525 Joseph Hardin Drive.  The center is 100%
leased  to  Bronco  Packaging Corporation, Reid Plastics, Inc. and Pre-Q Rubber,
Ltd.
On  October  23, 1998, the Company purchased the Southwide Warehouse in Memphis,
Tennessee.  Developed  in  1975,  the  356,000  square foot center is located on
16.78  acres  at  Burma  Road  and  Red  Drive.

On  October  23,  1998,  the  Company  purchased  the Thomas Street Warehouse in
Memphis,  Tennessee.  Developed  in  1971, the center is located on 9.6 acres at
1629  Thomas Street.  This 164,000 square foot center is 100% leased to Triple H
Incorporated,  a  public  warehouser.

On  October  23,  1998,  the  Company  purchased the Crowfarn Drive Warehouse in
Memphis,  Tennessee.  Developed  in 1974, the center is located on 7.28 acres at
3800-3844  Crowfarn  Drive.  The  159,000  square  foot center is 100% leased to
Nordstrom,  Inc.  and  Reynolds  Metals  Company.

On  December  23, 1998, the Company acquired Southport Business Park in Houston,
Texas.  Developed in 1980, the center is located on 8.23 acres on South Loop 610
at the Mykawa/Crestmont exit.  This 157,000 square foot center is 100% leased to
Great  Spring  Waters  of  America  and  Flow  Line  Division  of  Markovitz.

On December 23, 1998, the Company purchased the Crosspoint Warehouse in Houston,
Texas.  Developed  in  1980,  this  72,000 square foot center is located on 4.11
acres  at  1701  Cross  Point.

On  December  31,  1998,  the Company acquired DFW/Port America, a 45,000 square
foot  industrial  center in Grapevine, Texas.  Developed in 1978, this center is
located  on  2.53  acres  at  801  and  804  Poet  America  Place.

On  December  31,  1998, the Company acquired Randol Mill Place, a 55,000 square
foot  industrial  center  in Arlington, Texas.  Developed in 1979, the center is
located  on  4.09  acres  at  2500  Randol  Mill  Road.

On  December  31, 1998, the Company acquired Northhaven Business Park in Dallas,
Texas.  Developed  in  1973,  this  151,000 square foot center is located on 8.8
acres  near  the  southeast  intersection  of  Interstate  35  and  LBJ freeway.

On  December  31,  1998,  the  Company  acquired  Walnut Trails Business Park in
Dallas, Texas.  Developed in 1979, this 103,000 square foot center is located on
7.1  acres  at  2636  Walnut  Hill  Lane.
WEINGARTEN REALTY INVESTORS
                STATEMENT OF ESTIMATED TAXABLE OPERATING RESULTS
                   AND CASH TO BE MADE AVAILABLE BY OPERATIONS
               FOR THE TWELVE MONTH PERIOD ENDED DECEMBER 31, 1998
                                   (Unaudited)
Revenue . . . . . . . . . . . . . . . . . . . . . . . .  $ 17,795

Expenses:
  Operating . . . . . . . . . . . . . . . . . . . . . .     2,766
  Ad Valorem Taxes. . . . . . . . . . . . . . . . . . .     3,043
  Depreciation & Amortization . . . . . . . . . . . . .     2,778
  Interest. . . . . . . . . . . . . . . . . . . . . . .     8,733
                                                         --------
      Total Expenses. . . . . . . . . . . . . . . . . .    17,320
                                                         --------

Estimated Taxable Operating Gain. . . . . . . . . . . .       475

Add back depreciation & amortization. . . . . . . . . .     2,778
                                                         --------

Estimated Cash to be Made Available from Operations . .  $  3,253
                                                         ========
Note:  This  statement of estimated taxable operating results and estimated cash
       to  be made available from operations is an estimate of operating results
       for  all  properties  acquired by  the  Company  during  the  year  ended
       December 31, 1998 and does not purport  to  reflect  actual  results  for
       any  period.
(c)  Exhibits

     Exhibit  Number     Description
     ---------------     -----------
         23.1            Consent of Deloitte & Touche LLP
SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

                                                  WEINGARTEN  REALTY  INVESTORS
                                                  -----------------------------
                                                          (Registrant)

                                                  BY:  /s/ Stephen  C.  Richter
                                                  -----------------------------
                                                         Stephen C. Richter
                                                 Senior Vice President/Financial
                                                   Administration and Treasurer
                                                  (Principal Accounting Officer)

DATE:     August  13,  1999