Total Pages: 20
                                                  Exhibit Index on Page:  6
                                                  Registration No. 33-_____
          =================================================================

                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D. C.  20549
                                                                
                      __________________________________________

                                       FORM S-8
                             REGISTRATION STATEMENT UNDER
                              THE SECURITIES ACT OF 1933
                                                                
                      __________________________________________

                         MID-AMERICA REALTY INVESTMENTS, INC.
                   (Exact Name of Issuer as Specified in its Charter)

                         Maryland                          47-0700007
               (State or Other Jurisdiction of         (I.R.S. Employer
               Incorporation of Organization)          Identification No.)

                    11506 Nicholas Street
                    Suite 100
                    Omaha, Nebraska                           68154

               (Address of Principal Executive Offices)     (Zip Code)

                                                              
                        ______________________________________

                          Mid-America Realty 1995 Stock Plan
                               (Full Title of the Plan)
                                                              
                        ______________________________________

                            Dennis G. Gethmann, President
                         Mid-America Realty Investments, Inc.
                                11506 Nicholas Street
                                      Suite 100
                                Omaha, Nebraska  68154
                       (Name and Address of Agent for Service)

          Telephone Number, Including Area Code,
                         of Agent for Service:  402-496-3300

     <TABLE>
                           CALCULATION OF REGISTRATION FEE
     =================================================================
     Title of    Amount to   Proposed maxi-   Proposed maxi-   Amount of
     securi-     be regis-   mum offering     mum aggregate    registra-
     ties to be  tered       price per        offering price   tion fee
     registered              share                                     
     __________________________________________________________________

     <S>         <C>         <C>              <C>              <C>

     Common      250,000     $7.875*          $1,968,750*      $679
     Stock












     *Estimated  solely  for the  purposes  of  calculating  the amount  of  the
     registration fee, pursuant to  Rule 457(c), on the basis of  the average of
     the high and low sales prices on April 27, 1995.

     </TABLE>



                                       PART II

                    INFORMATION REQUIRED IN REGISTRATION STATEMENT

     ITEM 3.   INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE.

          Mid-America Realty Investments,  Inc. (formerly Dial REIT,  Inc.) (the
     "Company")  hereby incorporates by reference in this Registration Statement
     the following  documents previously filed with the  Securities and Exchange
     Commission:

          (a)  The  Company's Annual  Report on  Form 10-K  for the  fiscal year
               ended December 31, 1994.

          (b)  All other reports filed pursuant to Section 13(a) or 15(d) of the
               Securities Exchange  Act of 1934  (the "Exchange Act")  since the
               end of the Company's fiscal year ended December 31, 1994.

          (c)  The description  of the  Company's common  stock  contained in  a
               registration statement filed  under the  Exchange Act,  including
               any amendment  or report filed  for the purpose of  updating such
               description.

          All  documents subsequently filed by  the Company pursuant to Sections
     13(a), 13(c), 14 and 15(d)  of the Exchange Act, prior  to the filing of  a
     post-effective amendment which  indicates that all securities  offered have
     been sold or which deregisters  all securities then remaining unsold, shall
     be deemed to be incorporated by reference in the Registration Statement and
     to be a part thereof from the date of filing of such documents.


     ITEM 6.   INDEMNIFICATION OF DIRECTORS AND OFFICERS.

          The Company's  By-laws provide  that the  Company shall  indemnify its
     directors, officers  and employees to  the fullest extent permitted  by the
     Maryland General  Corporation  Law, including,  in  limited  circumstances,
     indemnification for state and federal securities laws violations; provided,
     however, that indemnification will only be permitted in those circumstances
     in which  the director, officer or  employee determined in good  faith that
     his conduct was in the best  interest of the Company and such  liability or
     loss was not the result of negligence or misconduct.  The  Maryland General
     Corporation Law  provides for indemnification, under certain circumstances,
     of any director,  officer or employee for all  judgments, penalties, fines,
     settlements and reasonable  expenses incurred by him in  any proceedings to
     which he was made a party by reason of his  service as a director, employee
     or  officer.    With  respect  to proceedings  alleging  federal  or  state
     securities    law   violations,   the   Company's   By-laws   provide   for
     indemnification with respect  to settlements and related  expenses incurred
     in successfully  defending such  proceedings on the  merits, only  if (i) a











     court  approves  the  settlement  and finds  that  indemnification  of  the
     settlement  and  related costs  should be  made  or (ii)  a  court approves
     indemnification of litigation  costs if a successful defense is  made.  The
     foregoing statements are subject to the detailed provisions of the Maryland
     General Corporation Law and the Company's By-laws.

          The   Company  also  maintains  a  directors  and  officers  liability
     insurance policy which insures against certain "wrongful acts" as that term
     is defined in  the policy.  The  policy also provides reimbursement  to the
     Company   for  any   amounts  paid   by   the  Company   with  respect   to
     indemnification.


     ITEM 8.   EXHIBITS.

               4.1  -    Mid-America Realty 1995 Stock Plan

               5    -    Opinion of McGrath, North, Mullin & Kratz, P.C.

               23.1 -    Consent of McGrath, North, Mullin & Kratz,
                         P.C., counsel for the Company (included as part
                         of Exhibit 5)

               23.2 -    Consent of Deloitte & Touche LLP

               24   -    Powers of Attorney


     ITEM 9.   UNDERTAKINGS.

          A.   The undersigned registrant hereby undertakes:

               (1)  To  file, during  any period  in which  offers or  sales are
                    being  made, a post-effective amendment to this registration
                    statement:

                    (i)       To  include  any  prospectus required  by  Section
                              10(a)(3)  of  the  Securities  Act  of  1933  (the
                              "Securities Act");

                    (ii)      To reflect in  the prospectus any facts  or events
                              arising  after   the   effective   date   of   the
                              registration statement  (or the most  recent post-
                              effective amendment  thereof) which,  individually
                              or  in  the  aggregate,  represent  a  fundamental
                              change  in  the  information  set  forth  in   the
                              registration statement;

                    (iii)     To include  any material information  with respect
                              to  the  plan   of  distribution  not   previously
                              disclosed  in the  registration  statement or  any
                              material  change   to  such  information   in  the
                              registration statement;

                    provided, however that paragraph (A)(l)(i) and (A)(l)(ii) do
                    not apply  if the information  required to be included  in a
                    post-effective amendment  by  the  foregoing  paragraphs  is











                    contained  in periodic reports filed by the Company pursuant
                    to Section 13 or  Section 15(d) of the Exchange Act that are
                    incorporated by reference in the registration statement.

               (2)  That, for the purpose of determining any liability under the
                    Securities  Act, each such post-effective amendment shall be
                    deemed  to be a  new registration statement  relating to the
                    securities  offered   therein,  and  the  offering  of  such
                    securities at  that time shall  be deemed to be  the initial
                    bona fide offering thereof.

               (3)  To remove  from registration  by means  of a  post-effective
                    amendment any  of  the  securities  being  registered  which
                    remain unsold at the termination of the offering.

          B.   The  undersigned registrant hereby  undertakes that, for purposes
     of determining any liability  under the Securities Act, each  filing of the
     registrant's annual report pursuant to  Section  13(a)   or  Section  15(d)
     of the Exchange  Act that is incorporated by reference  in the registration
     statement shall be  deemed to be a  new registration statement relating  to
     the securities offered therein, and the offering of such securities at that
     time shall be deemed to be the initial bona fide offering thereof.

          C.   Insofar  as indemnification  for  liabilities  arising under  the
     Securities Act  may  be permitted  to directors,  officers and  controlling
     persons  of  the  registrant  pursuant  to  the  foregoing  provisions,  or
     otherwise, the  registrant has  been  advised that  in the  opinion of  the
     Securities and Exchange  Commission such indemnification is  against public
     policy as expressed in the Securities Act and is, therefore, unenforceable.
     In  the event  that a  claim for  indemnification against  such liabilities
     (other than the payment by the registrant of expenses incurred or paid by a
     director, officer or controlling person of the registrant in the successful
     defense of any action,  suit or proceeding)  is asserted by such  director,
     officer or  controlling  person in  connection  with the  securities  being
     registered,  the registrant will, unless in the  opinion of its counsel the
     matter has  been settled  by controlling  precedent, submit  to a  court of
     appropriate jurisdiction the question of whether such indemnification by it
     is against public  policy as expressed  in the Securities  Act and will  be
     governed by the final adjudication of such issue.











                                      SIGNATURES

          Pursuant  to the  requirements of  the  Securities Act  of 1933,  Mid-
     America Realty Investments, Inc., a Maryland corporation, certifies that it
     has reasonable grounds to  believe that it  meets all the requirements  for
     filing on Form  S-8, and has  duly caused this registration statement to be












     signed on  its behalf by the undersigned, thereunto duly authorized, in the
     City of Omaha, and the State of Nebraska, on this 28th day of April, 1995.

                                       Mid-America Realty Investments, Inc.


                                       By:   /s/ Dennis G. Gethmann
                                          ______________________________
                                          Dennis G. Gethmann, President


               Pursuant to the requirements of the Securities Act  of 1933,
          this   registration  statement  has  been  signed  below  by  the
          following persons in the capacities  indicated on the 28th day of
          April, 1995.

               SIGNATURE                           TITLE

          /s/ Jerome L. Heinrichs
          _________________________    Chief Executive Officer and Director
          Jerome L. Heinrichs


          /s/ Dennis G. Gethmann
          _________________________    President   and    Chief   Financial
          Officer  Dennis G. Gethmann        (Principal    Financial    and
          Accounting
                                       Officer)


               Michael F. Lawler*                        Director

               Daniel A. Burkhardt*                      Director

               E. Stanley Kroenke                        Director

               John L. Maginn*                           Director



               *This  registration  statement   has  been  signed   by  the
          undersigned  as  attorney-in-fact  on behalf  of  each  person so
          indicated pursuant to  a power of attorney duly  executed by each
          such person.

                                        By:  /s/ Dennis G. Gethmann
                                                                           
          _________________________________
                                           Dennis G. Gethmann
                                           Attorney-in-Fact


















                                  INDEX OF EXHIBITS

                                                                       PAGE
             NUMBER                     DESCRIPTION                     NO.


               4.1  -    Mid-America Realty 1995 Stock Plan...........    7

               5    -    Opinion of McGrath, North, Mullin &
                           Kratz, P.C.................................   16

               23.1 -    Consent of McGrath, North, Mullin & Kratz,
                           P.C., counsel for the Company
                           (included as part of Exhibit 5)

               23.2 -    Consent of Deloitte & Touche LLP.............   17

               24   -    Powers of Attorney...........................   18
[{"type": "S-8", "sequence": "1", "description": "S-8 REGISTRATION STATEMENT", "secsgml_size_bytes": 14760}]
{"company-data": {"conformed-name": "MID AMERICA REALTY INVESTMENTS INC", "cik": "0000805057", "assigned-sic": "6798", "irs-number": "470700007", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "033-58987", "film-number": "95533623"}, "business-address": {"street1": "11506 NICHOLAS ST", "street2": "STE 100", "city": "OMAHA", "state": "NE", "zip": "68154", "phone": "4024963300"}, "mail-address": {"street2": "11506 NICHOLAS ST STE 100", "city": "OMAHA", "state": "NE", "zip": "68154"}, "former-company": {"former-conformed-name": "DIAL REIT INC", "date-changed": "19920703"}}
Total Pages: 20
                                                  Exhibit Index on Page:  6
                                                  Registration No. 33-_____
          =================================================================

                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D. C.  20549
                                                                
                      __________________________________________

                                       FORM S-8
                             REGISTRATION STATEMENT UNDER
                              THE SECURITIES ACT OF 1933
                                                                
                      __________________________________________

                         MID-AMERICA REALTY INVESTMENTS, INC.
                   (Exact Name of Issuer as Specified in its Charter)

                         Maryland                          47-0700007
               (State or Other Jurisdiction of         (I.R.S. Employer
               Incorporation of Organization)          Identification No.)

                    11506 Nicholas Street
                    Suite 100
                    Omaha, Nebraska                           68154

               (Address of Principal Executive Offices)     (Zip Code)

                                                              
                        ______________________________________

                          Mid-America Realty 1995 Stock Plan
                               (Full Title of the Plan)
                                                              
                        ______________________________________

                            Dennis G. Gethmann, President
                         Mid-America Realty Investments, Inc.
                                11506 Nicholas Street
                                      Suite 100
                                Omaha, Nebraska  68154
                       (Name and Address of Agent for Service)

          Telephone Number, Including Area Code,
                         of Agent for Service:  402-496-3300

     
                           CALCULATION OF REGISTRATION FEE
     =================================================================
     Title of    Amount to   Proposed maxi-   Proposed maxi-   Amount of
     securi-     be regis-   mum offering     mum aggregate    registra-
     ties to be  tered       price per        offering price   tion fee
     registered              share                                     
     __________________________________________________________________
Common      250,000     $7.875*          $1,968,750*      $679
     Stock

     *Estimated  solely  for the  purposes  of  calculating  the amount  of  the
     registration fee, pursuant to  Rule 457(c), on the basis of  the average of
     the high and low sales prices on April 27, 1995.
PART II

                    INFORMATION REQUIRED IN REGISTRATION STATEMENT

     ITEM 3.   INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE.

          Mid-America Realty Investments,  Inc. (formerly Dial REIT,  Inc.) (the
     "Company")  hereby incorporates by reference in this Registration Statement
     the following  documents previously filed with the  Securities and Exchange
     Commission:

          (a)  The  Company's Annual  Report on  Form 10-K  for the  fiscal year
               ended December 31, 1994.

          (b)  All other reports filed pursuant to Section 13(a) or 15(d) of the
               Securities Exchange  Act of 1934  (the "Exchange Act")  since the
               end of the Company's fiscal year ended December 31, 1994.

          (c)  The description  of the  Company's common  stock  contained in  a
               registration statement filed  under the  Exchange Act,  including
               any amendment  or report filed  for the purpose of  updating such
               description.

          All  documents subsequently filed by  the Company pursuant to Sections
     13(a), 13(c), 14 and 15(d)  of the Exchange Act, prior  to the filing of  a
     post-effective amendment which  indicates that all securities  offered have
     been sold or which deregisters  all securities then remaining unsold, shall
     be deemed to be incorporated by reference in the Registration Statement and
     to be a part thereof from the date of filing of such documents.

     ITEM 6.   INDEMNIFICATION OF DIRECTORS AND OFFICERS.

          The Company's  By-laws provide  that the  Company shall  indemnify its
     directors, officers  and employees to  the fullest extent permitted  by the
     Maryland General  Corporation  Law, including,  in  limited  circumstances,
     indemnification for state and federal securities laws violations; provided,
     however, that indemnification will only be permitted in those circumstances
     in which  the director, officer or  employee determined in good  faith that
     his conduct was in the best  interest of the Company and such  liability or
     loss was not the result of negligence or misconduct.  The  Maryland General
     Corporation Law  provides for indemnification, under certain circumstances,
     of any director,  officer or employee for all  judgments, penalties, fines,
     settlements and reasonable  expenses incurred by him in  any proceedings to
     which he was made a party by reason of his  service as a director, employee
     or  officer.    With  respect  to proceedings  alleging  federal  or  state
     securities    law   violations,   the   Company's   By-laws   provide   for
     indemnification with respect  to settlements and related  expenses incurred
     in successfully  defending such  proceedings on the  merits, only  if (i) a

     court  approves  the  settlement  and finds  that  indemnification  of  the
     settlement  and  related costs  should be  made  or (ii)  a  court approves
     indemnification of litigation  costs if a successful defense is  made.  The
     foregoing statements are subject to the detailed provisions of the Maryland
     General Corporation Law and the Company's By-laws.

          The   Company  also  maintains  a  directors  and  officers  liability
     insurance policy which insures against certain "wrongful acts" as that term
     is defined in  the policy.  The  policy also provides reimbursement  to the
     Company   for  any   amounts  paid   by   the  Company   with  respect   to
     indemnification.

     ITEM 8.   EXHIBITS.

               4.1  -    Mid-America Realty 1995 Stock Plan

               5    -    Opinion of McGrath, North, Mullin & Kratz, P.C.

               23.1 -    Consent of McGrath, North, Mullin & Kratz,
                         P.C., counsel for the Company (included as part
                         of Exhibit 5)

               23.2 -    Consent of Deloitte & Touche LLP

               24   -    Powers of Attorney

     ITEM 9.   UNDERTAKINGS.

          A.   The undersigned registrant hereby undertakes:

               (1)  To  file, during  any period  in which  offers or  sales are
                    being  made, a post-effective amendment to this registration
                    statement:

                    (i)       To  include  any  prospectus required  by  Section
                              10(a)(3)  of  the  Securities  Act  of  1933  (the
                              "Securities Act");

                    (ii)      To reflect in  the prospectus any facts  or events
                              arising  after   the   effective   date   of   the
                              registration statement  (or the most  recent post-
                              effective amendment  thereof) which,  individually
                              or  in  the  aggregate,  represent  a  fundamental
                              change  in  the  information  set  forth  in   the
                              registration statement;

                    (iii)     To include  any material information  with respect
                              to  the  plan   of  distribution  not   previously
                              disclosed  in the  registration  statement or  any
                              material  change   to  such  information   in  the
                              registration statement;

                    provided, however that paragraph (A)(l)(i) and (A)(l)(ii) do
                    not apply  if the information  required to be included  in a
                    post-effective amendment  by  the  foregoing  paragraphs  is

                    contained  in periodic reports filed by the Company pursuant
                    to Section 13 or  Section 15(d) of the Exchange Act that are
                    incorporated by reference in the registration statement.

               (2)  That, for the purpose of determining any liability under the
                    Securities  Act, each such post-effective amendment shall be
                    deemed  to be a  new registration statement  relating to the
                    securities  offered   therein,  and  the  offering  of  such
                    securities at  that time shall  be deemed to be  the initial
                    bona fide offering thereof.

               (3)  To remove  from registration  by means  of a  post-effective
                    amendment any  of  the  securities  being  registered  which
                    remain unsold at the termination of the offering.

          B.   The  undersigned registrant hereby  undertakes that, for purposes
     of determining any liability  under the Securities Act, each  filing of the
     registrant's annual report pursuant to  Section  13(a)   or  Section  15(d)
     of the Exchange  Act that is incorporated by reference  in the registration
     statement shall be  deemed to be a  new registration statement relating  to
     the securities offered therein, and the offering of such securities at that
     time shall be deemed to be the initial bona fide offering thereof.

          C.   Insofar  as indemnification  for  liabilities  arising under  the
     Securities Act  may  be permitted  to directors,  officers and  controlling
     persons  of  the  registrant  pursuant  to  the  foregoing  provisions,  or
     otherwise, the  registrant has  been  advised that  in the  opinion of  the
     Securities and Exchange  Commission such indemnification is  against public
     policy as expressed in the Securities Act and is, therefore, unenforceable.
     In  the event  that a  claim for  indemnification against  such liabilities
     (other than the payment by the registrant of expenses incurred or paid by a
     director, officer or controlling person of the registrant in the successful
     defense of any action,  suit or proceeding)  is asserted by such  director,
     officer or  controlling  person in  connection  with the  securities  being
     registered,  the registrant will, unless in the  opinion of its counsel the
     matter has  been settled  by controlling  precedent, submit  to a  court of
     appropriate jurisdiction the question of whether such indemnification by it
     is against public  policy as expressed  in the Securities  Act and will  be
     governed by the final adjudication of such issue.

                                      SIGNATURES

          Pursuant  to the  requirements of  the  Securities Act  of 1933,  Mid-
     America Realty Investments, Inc., a Maryland corporation, certifies that it
     has reasonable grounds to  believe that it  meets all the requirements  for
     filing on Form  S-8, and has  duly caused this registration statement to be

     signed on  its behalf by the undersigned, thereunto duly authorized, in the
     City of Omaha, and the State of Nebraska, on this 28th day of April, 1995.

                                       Mid-America Realty Investments, Inc.

                                       By:   /s/ Dennis G. Gethmann
                                          ______________________________
                                          Dennis G. Gethmann, President

               Pursuant to the requirements of the Securities Act  of 1933,
          this   registration  statement  has  been  signed  below  by  the
          following persons in the capacities  indicated on the 28th day of
          April, 1995.

               SIGNATURE                           TITLE

          /s/ Jerome L. Heinrichs
          _________________________    Chief Executive Officer and Director
          Jerome L. Heinrichs

          /s/ Dennis G. Gethmann
          _________________________    President   and    Chief   Financial
          Officer  Dennis G. Gethmann        (Principal    Financial    and
          Accounting
                                       Officer)

               Michael F. Lawler*                        Director

               Daniel A. Burkhardt*                      Director

               E. Stanley Kroenke                        Director

               John L. Maginn*                           Director

               *This  registration  statement   has  been  signed   by  the
          undersigned  as  attorney-in-fact  on behalf  of  each  person so
          indicated pursuant to  a power of attorney duly  executed by each
          such person.

                                        By:  /s/ Dennis G. Gethmann
                                                                           
          _________________________________
                                           Dennis G. Gethmann
                                           Attorney-in-Fact

                                  INDEX OF EXHIBITS

                                                                       PAGE
             NUMBER                     DESCRIPTION                     NO.

               4.1  -    Mid-America Realty 1995 Stock Plan...........    7

               5    -    Opinion of McGrath, North, Mullin &
                           Kratz, P.C.................................   16

               23.1 -    Consent of McGrath, North, Mullin & Kratz,
                           P.C., counsel for the Company
                           (included as part of Exhibit 5)

               23.2 -    Consent of Deloitte & Touche LLP.............   17

               24   -    Powers of Attorney...........................   18