UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C. 20549


                                      FORM 10-Q



(Mark One)

[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

                      For the quarterly period ended June 30, 2000

                                           OR

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

                 For the transition period from _________ to __________

                           Commission file number 333-34835-01



                      PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                      ----------------------------------------------
                 (Exact name of registrant as specified in its charter)


<TABLE>
<CAPTION>
<S>                                                              <C>
                         MARYLAND                                                      87-0516235
                         --------                                                      ----------
                  (State of organization)                                 (I.R.S. Employer Identification No.)

                   35 CENTURY PARK-WAY
               SALT LAKE CITY, UTAH  84115                                           (801) 486-3911
               ---------------------------                                           --------------
(Address of principal executive offices, including zip code)          (Registrant's telephone number, including area code)

</TABLE>


 Indicate by check mark whether the registrant:   (1)  has  filed  all  reports
required  to be filed by Section 13 or 15(d) of the Securities Exchange Act  of
1934 during  the  preceding  12  months  (or  for  such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.              Yes      No
                                                           [X]


<PAGE>

                                         INDEX


<TABLE>
<CAPTION>
PART I:    FINANCIAL INFORMATION                                                       PAGE
--------------------------------                                                       ----
<S>        <C>                                                                        <C>
Item 1.     Financial Statements                                                          3
            Condensed Consolidated Balance Sheet as of June 30, 2000
             and December 31, 1999                                                        4
            Condensed Consolidated Statement of Operations for the Three Months
             and Six Months ended June 30, 2000 and 1999                                  5
            Condensed Consolidated Statement of Cash Flows for the
             Six Months ended June 30, 2000 and 1999                                      6
            Notes to Financial Statements                                                 7
Item 2.     Management's Discussion and Analysis of Financial
            Condition and Results of Operations                                          12
Item 3.     Quantitative and Qualitative Disclosures About Market Risk                   15

PART II:    OTHER INFORMATION
-----------------------------
Item 1.     Legal Proceedings                                                            16
Item 2.     Changes in Securities and Use of Proceeds                                    16
Item 3.     Defaults Upon Senior Securities                                              16
Item 4.     Submission of Matters to a Vote of Security Holders                          16
Item 5.     Other Information                                                            16
Item 6.     Exhibits and Reports on Form 8-K                                             16

</TABLE>

<PAGE> 2

      Certain matters discussed under the captions "Management's Discussion and
Analysis of Financial  Condition  and Results of Operations," "Quantitative and
Qualitative Disclosures About Market  Risk"  and  elsewhere  in  this Quarterly
Report on Form 10-Q may constitute forward-looking statements and  as  such may
involve  known  and  unknown  risks,  uncertainties and other factors which may
cause the actual results, performance and  achievements  of  Price  Development
Company,  Limited  Partnership  to be materially different from future results,
performance  or  achievements expressed  or  implied  by  such  forward-looking
statements.


                                        PART I


ITEM 1.   FINANCIAL STATEMENTS
------------------------------

    The information  furnished  in the accompanying financial statements listed
in the index on page 2 of this Quarterly  Report  on  Form  10-Q  reflects only
normal recurring adjustments which are, in the opinion of management, necessary
for  a  fair  presentation of the aforementioned financial statements  for  the
interim periods.

    The aforementioned  financial statements should be read in conjunction with
the notes to the financial  statements and Management's Discussion and Analysis
of Financial Condition and Results of Operations and Price Development Company,
Limited Partnership's Quarterly  Report on Form 10-Q for the three months ended
March 31, 2000 and Annual Report on  Form  10-K for the year ended December 31,
1999, including the financial statements and notes thereto.

<PAGE> 2
                    PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         CONDENSED CONSOLIDATED BALANCE SHEET
                   (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                               (UNAUDITED)
                                                                ---------
                                                                 JUNE 30,           DECEMBER 31,
                                                                   2000                 1999
                                                               ------------         ------------
<S>                                                           <C>                 <C>

ASSETS
Real Estate Assets, Including Assets Under Development
 of $22,229 and $18,389                                        $    889,942        $     876,388
 Less:  Accumulated Depreciation                                   (144,036)            (135,027)
                                                               ------------        -------------
    Net Real Estate Assets                                          745,906              741,361
Cash                                                                  5,490                7,767
Restricted Cash                                                       4,004                3,149
Other Assets                                                         21,435               23,949
                                                               ------------        -------------
                                                               $    776,835        $     776,226
                                                               ============        =============
LIABILITIES AND PARTNERS' CAPITAL
Borrowings                                                     $    439,049        $     438,241
Accounts Payable and Accrued Expenses                                16,076               16,716
Distributions Payable                                                 9,511                   --
Other Liabilities                                                       826                  847
                                                               ------------        -------------
                                                                    465,462              455,804
                                                               ------------        -------------
Minority Interest                                                     2,272                2,429
                                                               ------------        -------------
Commitments and Contingencies
Partners' Capital
  General Partner                                                   167,430              182,951
  Preferred Limited Partner                                         112,327              104,571
  Common Limited Partners                                            29,344               30,471
                                                               ------------        -------------
                                                                    309,101              317,993
                                                               ------------        -------------
                                                               $    776,835        $     776,226
                                                               ============        =============
</TABLE>


                              See accompanying notes to financial statements.

<PAGE> 4
                    PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                    CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                                      (UNAUDITED)
                  (IN THOUSANDS, EXCEPT PER PARTNERSHIP UNIT AMOUNTS)

<TABLE>
<CAPTION>
                                               FOR THE THREE MONTHS ENDED                FOR THE SIX MONTHS ENDED
                                                       JUNE 30,                                 JUNE 30,
                                            ---------------------------------        ----------------------------------
<S>                                        <C>                <C>                   <C>                  <C>
                                                 2000               1999                  2000                1999
                                            --------------     --------------        --------------       -------------
Revenues
  Minimum Rents                             $       24,954     $       23,215        $       49,487       $      48,169
  Percentage and Overage Rents                         315                306                   752                 730
  Recoveries from Tenants                            7,744              7,159                15,193              13,927
  Interest                                             164                161                   316                 284
  Other                                              1,077                 67                 1,405                 209
                                            --------------     --------------        --------------       -------------
                                                    34,254             30,908                67,153              63,319
                                            --------------     --------------        --------------       -------------
Expenses
  Operating and Maintenance                          6,087              5,332                11,714              10,778
  Real Estate Taxes and Insurance                    3,627              3,531                 7,303               6,839
  General and Administrative                         1,558              1,737                 3,177               3,531
  Depreciation                                       6,188              6,195                12,546              11,442
  Amortization of Deferred Financing Costs             399                415                   807                 838
  Amortization of Deferred Leasing Costs               186                177                   358                 345
  Interest                                           7,642              7,340                15,091              14,699
                                            --------------     --------------        --------------       -------------
                                                    25,687             24,727                50,996              48,472
                                            --------------     --------------        --------------       -------------
                                                     8,567              6,181                16,157              14,847
Minority Interest in (Income) Loss of
Consolidated Partnerships                             (67)                 96                   146                (927)
Gain on Sale of Real Estate                          1,386                 --                 1,629                  --
                                            --------------     --------------        --------------       -------------
Net Income                                           9,886              6,277                17,932              13,920
Preferred Unit Distribution                         (2,521)              (211)               (4,926)               (211)
                                            --------------     --------------        --------------       -------------
Net Income Available to Common Unitholders  $        7,365     $        6,066        $       13,006       $      13,709
                                            ==============     ==============        ==============       =============
Basic Earnings Per Partnership Unit         $         0.37     $         0.28        $         0.65       $        0.64
                                            ==============     ==============        ==============       =============
Diluted Earnings Per Partnership Unit       $         0.37     $         0.28        $         0.65       $        0.64
                                            ==============     ==============        ==============       =============
Basic Weighted Average Number of
 Partnership Units Outstanding                      19,855             21,318                20,014              21,318
Add:  Dilutive Effect of Stock Options                  10                 56                     6                  47
                                            --------------     --------------        --------------       -------------
Diluted Weighted Average Number of
 Partnership Units Outstanding                      19,865             21,374                20,020              21,365
                                            ==============     ==============        ==============       =============
</TABLE>

                              See accompanying notes to financial statements.

<PAGE> 5

                     PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                     CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                                       (UNAUDITED)
                                 (DOLLARS IN THOUSANDS)

<TABLE>
<CAPTION>
                                                             For the Six Months ended June 30,
                                                          --------------------------------------
<S>                                                      <C>                  <C>
                                                                 2000                 1999
                                                          -----------------    -----------------
NET CASH PROVIDED BY OPERATING ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITIES                      $          35,381    $          28,359
                                                          -----------------    -----------------
Real Estate Assets, Developed or Acquired,
 Net of Accounts Payable                                            (21,866)             (26,381)
Proceeds from Sales of Real Estate                                    1,831                   --
Increase in Restricted Cash                                            (855)                (513)
                                                          -----------------    -----------------
    Net Cash Used in Investing Activities                           (20,890)             (26,894)
                                                          -----------------    -----------------

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Borrowings                                             16,500               20,284
Repayment of Borrowings                                             (15,692)             (23,989)
Proceeds from Minority Partners                                          36                   --
Net Proceeds from Issuance of Preferred Units                         7,756               12,345
Distributions to Preferred Unitholders                               (4,926)                (211)
Distributions to Minority Interests                                     (47)                 (32)
Distributions to Partners                                            (9,511)              (9,894)
Deferred Financing Costs                                               (252)                (258)
Repurchase of Common Units                                          (10,632)                  --
                                                          -----------------    -----------------
    Net Cash Used in Financing Activities                           (16,768)              (1,755)
                                                          -----------------    -----------------

Net Decrease in Cash                                                 (2,277)                (290)
Cash, Beginning of Period                                             7,767                5,123
                                                          -----------------    -----------------
Cash, End of Period                                       $           5,490    $           4,833
                                                          =================    =================
</TABLE>

                              See accompanying notes to financial statements.

<PAGE> 6

          PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
                         NOTES TO FINANCIAL STATEMENTS
                                  (UNAUDITED)
           (DOLLARS IN THOUSANDS, EXCEPT PER PARTNERSHIP UNIT DATA)

1.  BUSINESS SUMMARY AND SIGNIFICANT ACCOUNTING POLICIES

    Price   Development   Company,   Limited   Partnership    (the   "Operating
Partnership")  is  primarily  engaged  in  the  business  of  owning,  leasing,
managing,  operating, developing and redeveloping malls, community centers  and
other commercial  properties.  The  tenant  base  includes  primarily national,
regional and retail chains and local retail companies. Consequently, the credit
risk  is  concentrated  in the retail industry.   JP Realty, Inc.,  a  Maryland
corporation (the "Company"),  is  the  sole  general  partner  of the Operating
Partnership.  The Company conducts all of its business operations  through, and
holds a controlling 82% general partner interest in, the Operating Partnership.
As  calculated,  the  Company's percentage of general partner interest  in  the
Operating Partnership was  based  on  the number of outstanding common units of
limited partner interest (excluding outstanding  preferred units of the limited
partner interest) on June 30, 2000.  Since there are  no  material  differences
between  the  Company  and  the Operating Partnership they will be collectively
referred to as the "Company" unless the context requires otherwise.

    The interim financial data for the three and six months ended June 30, 2000
and 1999 is unaudited; however,  in  the  opinion  of  the Company, the interim
financial data includes all adjustments, consisting only  of  normal  recurring
adjustments,  necessary  for  a  fair  statement of the results for the interim
periods.  Certain amounts in the financial statements have been reclassified to
conform with the second quarter 2000 presentation.

    On January 1, 2000, the Company stopped  accruing  revenues  for percentage
and  overage  rents  based  upon  recent  accounting  guidance  issued  by  the
Securities  and  Exchange  Commission  in  Staff  Accounting  Bulletin  No. 101
"Revenue  Recognition".  Prior to the issuance of the Staff Accounting Bulletin
No. 101 "Revenue  Recognition,"  the  Company recognized percentage and overage
rents revenue monthly on an accrual basis  based  on  estimated annual amounts.
Under the new guidance percentage and overage rents revenue  is  recognized  in
the  interim periods in which the specified target that triggers the contingent
rental income is achieved.

    As  a  result  of  adopting  the Staff Accounting Bulletin No. 101 "Revenue
Recognition," percentage and overage  rents  revenue  and  total  revenues were
restated  and reduced by $830 and $1,408 during the three and six months  ended
June 30, 1999, respectively, which amounts will be recognized during the fourth
quarter of  1999.   In addition, if the change in revenue recognition described
above had not been made, the net income for the three and six months ended June
30, 1999 would have been $5,741 and $12,579,
respectively, and basic  and  diluted  earnings per share would have been $0.33
and  $0.32  for the three months, and $0.71  and  $0.71  for  the  six  months,
respectively.


2.  BORROWINGS
<TABLE>
<CAPTION>
                                                                                  JUNE 30,
                                                                             ----------------
<S>                                                                         <C>     2000
                                                                             ----------------
Notes, unsecured; interest at 7.29%, maturing 2005 to 2008                   $        100,000
Credit facility, unsecured; weighted average interest at 7.11%
 during 2000 due in 2000                                                               92,500
Mortgage payable, secured by real estate; interest at 6.68%, due in 2008               82,993
Notes, secured by real estate; interest at 6.37%, due in 2001                          61,223
Construction loan, secured by real estate; interest at 8.19%
 as of June 30, 2000, due in 2001                                                      43,792
Construction loan, secured by real estate; interest at 8.19%
 as of June 30, 2000, due in 2001                                                      41,600
Mortgage payable, secured by real estate; interest at 8.5%,  due in 2000               11,981
Other notes payable, secured by real estate; interest ranging
 from 7.0% to 9.99% maturing 2000 to 2095                                               4,960
                                                                             ----------------
                                                                             $        439,049
                                                                             ================
</TABLE>

<PAGE> 7

2.    BORROWINGS (CONTINUED)

      On October 16, 1997, the Operating Partnership obtained a $150,000 three-
year unsecured  credit  facility  (the  "Credit  Facility") from a syndicate of
banks.  On December 18, 1997, the amount was increased to $200,000.  The Credit
Facility  has  a  three-year term and bears interest,  at  the  option  of  the
Operating Partnership,  at  one,  or  a  combination,  of (i) the higher of the
federal funds rate plus 50 basis points or the prime rate, or (ii) LIBOR plus a
spread  of  70  to  130  basis points.  The LIBOR spread is determined  by  the
Operating  Partnership's credit  rating  and/or  leverage  ratio.   The  Credit
Facility also includes a competitive bid option in the amount of $100,000 which
will allow the  Operating  Partnership  to solicit bids for borrowings from the
bank syndicate.  The Credit Facility is used  for  general  corporate  purposes
including   stock   repurchase,  development,  working  capital,  repayment  of
indebtedness and/or amortization  payments.   The facility contains restrictive
covenants, including limitations on the amount  of  secured and unsecured debt,
and  requires the Operating Partnership to maintain certain  financial  ratios.
At June  30,  2000,  the Operating Partnership was in compliance with all these
covenants.  The Credit  Facility  was  paid-off  and replaced with a new credit
facility (note 8) on July 28, 2000.

      The $100,000 notes have an interest rate of  7.29%  payable semi annually
on March 11th and September 11th of each year.  The Operating  Partnership  had
entered  into  an interest rate protection agreement in anticipation of issuing
these notes and  received $270 as a result of terminating this agreement making
the effective rate of interest on these notes 7.24%.

3.    PRO FORMA FINANCIAL INFORMATION

      The following  unaudited  pro forma summary financial information for the
six months ended June 30, 2000 and  1999  is presented as if the 1999 issuances
of Series A and Series B Preferred Units and  the  2000  issuance  of  Series C
Preferred Units (Note 4) had been consummated as of January 1, 1999.

<TABLE>
<CAPTION>

                                                              FOR THE SIX MONTHS ENDED JUNE 30,
                                                              ---------------------------------
<S>                                                          <C>              <C>                  <C>
                                                                   2000               1999
                                                              --------------    ---------------
Total Revenues                                                $       67,153    $        63,319
Net Income Available to Common Unitholder                     $       12,963    $        12,154
Basic Earnings Per Partnership Unit Share                     $         0.65    $          0.57
Diluted Earnings Per Partnership Unit Share                   $         0.65    $          0.57

</TABLE>

      The  pro  forma  financial information summarized above is presented  for
information purposes only  and  may not be indicative of what actual results of
operations would have been had the issuances of Series A, Series B and Series C
Preferred Units been completed as  of  the  beginning of the periods presented,
nor does it purport to represent the results of operations for future periods.

4.  PARTNERS' CAPITAL

    The following table summarizes changes in  partners' capital since December
31, 1999:

<TABLE>
<CAPTION>
                                                                   PREFERRED         COMMON
                                                   GENERAL          LIMITED          LIMITED
                                                   PARTNER          PARTNER         PARTNERS        TOTAL
<S>                                            <C>              <C>              <C>            <C>
                                                -------------    ------------     -----------    -----------
Partners' Capital at December 31, 1999          $     182,951    $    104,571     $    30,471    $   317,993
Conversion of Limited Partners' Interests                   1              --              (1)            --
Preferred Units Issued                                     --           7,756              --          7,756
Distributions Paid                                     (7,766              --          (1,745)        (9,511)
Distributions Accrued                                  (7,766)             --          (1,745)        (9,511)
Net Income                                             10,642           4,926           2,364         17,932
Preferred Unit Distribution                                --          (4,926)             --         (4,926)
Repurchase of Common Units                            (10,632)             --              --        (10,632)
                                                -------------     -----------     -----------    -----------
Partners' Capital at June 30, 2000              $     167,430     $   112,327     $    29,344    $   309,101
                                                =============     ===========     ===========    ===========
</TABLE>

<PAGE> 8

4.  PARTNERS' CAPITAL (CONTINUED)

    On April 23, 1999, the Operating Partnership  issued 510,000 Series A 8.75%
cumulative redeemable preferred units (the "Series  A  Preferred  Units")  in a
private  placement.   Each Series A Preferred Unit represents a unit of limited
partner interest with a liquidation value of twenty-five dollars per unit.  The
Operating Partnership used  the  net  proceeds of approximately $12,345 for the
partial repayment of borrowings outstanding under the Credit Facility.

    On July 28, 1999, the Operating Partnership  also issued 3,800,000 Series B
8.95% cumulative redeemable preferred units (the "Series B Preferred Units") in
a private placement.  Each Series B Preferred Unit represents a unit of limited
partner interest with a liquidation value of twenty-five dollars per unit.  The
Operating  Partnership  used  the proceeds of approximately  $92,226  to  repay
$90,000 in borrowings outstanding  under  the  Credit  Facility and to increase
operating cash.

    On  May 1, 2000, the Operating Partnership issued 320,000  Series  C  8.75%
cumulative  redeemable  preferred  units  (the "Series C Preferred Units") in a
private placement.  Each Series C Preferred  Unit  represents a unit of limited
partner interest with a liquidation value of twenty-five dollars per unit.  The
Operating  Partnership used the net proceeds of approximately  $7,756  for  the
partial repayment of borrowings outstanding under the Credit Facility.

    The Operating  Partnership  makes quarterly distributions to the holders of
the Series A, Series B and Series  C  Preferred  Units  on the last day of each
March, June, September and December.  For the six months  ended  June 30, 2000,
distributions  for  the  Series  A, Series B and Series C Preferred Units  were
approximately $558, $4,251 and $117, respectively.

    In October 1999, the Board of Trustees authorized the Company to repurchase
up to $25,000 of the Company's Common  Stock  through open market purchases and
private transactions.  Through December 31, 1999,  the  Company had repurchased
approximately 856,600 shares of Common Stock for a total  cost of approximately
$14,366.   During  the  six  months ended June 30, 2000, approximately  606,500
additional shares of stock were  purchased  for $10,632.  All shares which have
been repurchased have been retired.  The Operating  Partnership  repurchased an
equivalent number of Common Units from the Company.

5.  SEGMENT INFORMATION

    In 1998, the Company adopted SFAS No. 131 "Disclosures about Segments of an
Enterprise  and  Related Information."  The following information presents  the
Operating Partnership's  three  reportable  segments  -  1)  regional malls, 2)
community centers and 3) commercial properties in conformity with SFAS No. 131.

    The accounting policies of the segments are the same as those  described in
the "Summary of Significant Accounting Policies" in the Operating Partnership's
Annual Report on Form 10-K for the year ended December 31, 1999.  Segment  data
includes  total  revenues  and  property,  net  operating income (revenues less
operating and maintenance expense and real estate  taxes  and insurance expense
("Property NOI")).  The Operating Partnership evaluates the  performance of its
segments and allocates resources to them based on Property NOI.

    The  regional  mall segment consists of 18 regional malls in  seven  states
containing approximately  10,291,000  square  feet of total gross leasable area
("GLA") and which range in size from approximately  296,000 to 1,171,000 square
feet of total GLA.

    The  community  center segment consists of 25 properties  in  seven  states
containing  approximately   3,362,000   square   feet  of  total  GLA  and  one
freestanding retail property containing approximately 2,000 square feet of GLA.

    The   commercial  properties  include  six  mixed-use   commercial/business
properties  with  38  commercial  buildings  containing approximately 1,354,000
square feet of GLA which are located primarily in the Salt Lake City, Utah area
where the Company's headquarters is located.

<PAGE> 9

5.  SEGMENT INFORMATION (CONTINUED)

    The  table  below presents information about  the  Operating  Partnership's
reportable segments for the six months ending June 30:

<TABLE>
<CAPTION>
                                           REGIONAL          COMMUNITY        COMMERCIAL
                                             MALLS            CENTERS         PROPERTIES          OTHER            TOTAL
<S>                                     <C>               <C>              <C>               <C>               <C>
                                         -------------     -------------    --------------    -------------    -------------
2000
----
Total Revenues                           $      53,725     $       9,182    $        3,808    $         438    $      67,153
Property Operating Expenses (1)                 15,894             2,315               796               12           19,017
                                         -------------     -------------    --------------    -------------    -------------
Property NOI (2)                                37,831             6,867             3,012              426           48,136
Unallocated Expenses (3)                            --                --                --          (31,979)         (31,979)
Unallocated Minority Interest (4)                   --                --                --              146              146
Unallocated Other(5)                                --                --                --            1,629            1,629
Consolidated Net Income                             --                --                --               --           17,932
Additions to Real Estate Assets                 15,971               843               407               --           17,221
Total Assets (6)                               646,292            83,232            30,644           16,667          776,835

1999
----
Total Revenues                           $      48,559     $      10,625    $        3,634    $         501    $      63,319
Property Operating Expenses (1)                 14,719             2,070               828               --           17,617
                                         -------------     -------------    --------------    -------------    -------------
Property NOI (2)                                33,840             8,555             2,806             501            45,702
Unallocated Expenses (3)                            --                --                --         (30,855)          (30,855)
Unallocated Minority Interest (4)                   --                --                --            (927)             (927)
Consolidated Net Income                             --                --                --              --            13,920
Additions to Real Estate Assets                 21,048             4,820               746              74            26,688
Total Assets (6)                               610,582            83,785            31,119          20,980           746,466

</TABLE>
-----------------------------
(1)  Property operating expenses consist of operating, maintenance, real estate
     taxes and insurance  as  listed in the condensed consolidated statement of
     operations.
(2)  Total revenues minus property operating expenses.
(3)  Unallocated expenses consist  of general and administrative, depreciation,
     amortization of deferred financing costs, amortization of deferred leasing
     costs and interest as listed in  the  condensed  consolidated statement of
     operations.
(4)  Unallocated minority interest includes minority interest in income or loss
     of  consolidated  partnerships  as  listed  in the condensed  consolidated
     statement of operations.
(5)  Unallocated other includes gain on sales of real  estate  as listed in the
     consolidated statement of operations.
(6)  Unallocated   other   total   assets   include  cash,  corporate  offices,
     miscellaneous real estate and deferred financing costs.

6.  SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

    Unitholders of the Operating Partnership  elected  to  convert 125 and 2000
common units of limited partner interest having a recorded value  of $1 and $2,
respectively,  into  an equal number of shares of common stock during  the  six
months ended June 30, 2000 and 1999, respectively.

<TABLE>
<CAPTION>
                                                             JUNE 30,         JUNE 30,
                                                               2000             1999
                                                          --------------   --------------
<S>                                                      <C>              <C>
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS
The following non-cash transactions occurred:
Distributions accrued for general partner not paid        $       7,766    $        8,184
Distributions accrued for limited partners not paid       $       1,745    $        1,710

</TABLE>

<PAGE> 10

7.    SUBSEQUENT EVENTS

      On July 28, 2000,  the Operating Partnership replaced its Credit Facility
with a new $200,000 unsecured credit facility (the "2000 Credit Facility") from
a syndicate of banks lead  by  Bank  One,  NA.  The  2000 Credit Facility has a
three-year term and bears interest, at the option of the Operating Partnership,
at one, or a combination of (i) the higher of the federal  funds  rate  plus 50
basis points or the prime rate, or (ii) LIBOR plus a spread of 80 to 145  basis
points.   The  LIBOR spread is determined by the Operating Partnership's credit
rating and/or leverage  ratio.   The  2000  Credit  Facility  also  includes  a
competitive bid option in the amount of $100,000 which will allow the Operating
Partnership  to  solicit bids for borrowings from the bank syndicate.  The 2000
Credit  Facility  will   be  used  for  general  corporate  purposes  including
development, working capital,  repayment  of  indebtedness  and/or amortization
payments.   The 2000 Credit Facility contains restrictive covenants,  including
limitations on  the  amount  of  secured  and  unsecured  debt and requires the
Operating Partnership to maintain certain financial ratios.   The  2000  Credit
Facility  was  used  to pay-off and replace the old Credit Facility on July 28,
2000.

      On  August 1, 2000,  the  Operating  Partnership  paid-off  the  mortgage
payable on  Silver  Lake  Mall  bearing  an interest rate of 8.5% per annum and
having a principal balance of $11,950 with  borrowings  from  the  2000  Credit
Facility.

<PAGE> 11

ITEM  2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
      -------------------------------------------------------------------------
      OF OPERATIONS
      -------------

OVERVIEW

      The   following  discussion  should  be  read  in  conjunction  with  the
Consolidated  Financial  Statements  of the Operating Partnership and the notes
thereto appearing elsewhere herein.

      JP Realty, Inc. is a fully integrated, self-administered and self-managed
REIT  primarily  engaged  in  the ownership,  leasing,  management,  operating,
development, redevelopment and acquisition of retail properties in Utah, Idaho,
Colorado, Arizona, Nevada, New Mexico and Wyoming (the "Intermountain Region"),
as well as in Oregon, Washington  and  California. JP Realty, Inc. conducts all
of its business operations through, and held an 82% controlling general partner
interest in, Price Development Company,  Limited  Partnership  ("the  Operating
Partnership")  as  of  June  30,  2000.  The  Operating  Partnership's existing
portfolio consists of 50 properties, in three operating segments,  including 18
enclosed  regional  malls,  25 community centers together with one freestanding
retail property and six mixed-use commercial properties.

      The Company's operations  in 2000 were positively impacted by the October
20, 1999 opening of the Mall at Sierra  Vista, the November 11, 1999 opening of
a sixteen screen Cinemark Theater at Provo Towne Center, the expansion at Boise
Towne Plaza as well as its other development  activities.  Since June 30, 1999,
development activities added a combined 473,700  square  feet  of  total  gross
leasable  area  ("GLA")  to the retail portfolio (46,500 in June 1999, 6,000 in
September 1999, 335,000 in  October 1999, 74,000 in November 1999 and 12,200 in
December 1999).

      JP Realty, Inc. together  with  the  Operating  Partnership and its other
subsidiaries, shall be referred to herein as (the "Company").

REVENUE RECOGNITION

      On January 1, 2000, the Company stopped accruing  revenues for percentage
and  overage  rents  based  upon  recent  accounting  guidance  issued  by  the
Securities  and  Exchange  Commission  in  Staff  Accounting  Bulletin No.  101
"Revenue Recognition."  Prior to the issuance of the Staff Accounting  Bulletin
No.  101  "Revenue  Recognition," the Company recognized percentage and overage
rents revenue monthly  on  an  accrual basis based on estimated annual amounts.
Under the new guidance percentage  and  overage  rents revenue is recognized in
the interim periods in which the specified target  that triggers the contingent
rental income is achieved.

      As a result of adopting the Staff Accounting Bulletin  No.  101  "Revenue
Recognition,"  percentage  and  overage  rents  revenue and total revenues were
restated and reduced by $830 and $1,408 during the  three  and six months ended
June 30, 1999, respectively, which amounts were moved into the  fourth  quarter
of 1999.  In addition, if the change in revenue recognition described above had
not been made, the net income for the three and six months ended June 30,  1999
would  have  been $5,741 and $12,579, respectively, or $0.33, and $0.32 for the
three months and  $0.71  and  $0.71 for the six months, respectively, per basic
and diluted earnings per share.

RESULTS OF OPERATIONS

      COMPARISON OF SIX MONTHS ENDED JUNE 30, 2000 TO SIX MONTHS ENDED JUNE 30,
1999 (DOLLARS IN THOUSANDS)

      Total revenues for the six months ended June 30, 2000 increased $3,834 or
6% to $67,153 as compared to $63,319 in 1999.

      This increase is primarily  attributable  to  a  $1,318 or 3% increase in
minimum rents to $49,487 as compared to $48,169 in 1999.   The October 20, 1999
opening of the Mall at Sierra Vista, the November 11, 1999 opening  of Cinemark
Theater  at  Provo  Towne  Centre  and  the  expansion  of  Boise  Towne  Plaza
contributed  $1,845  to  the  minimum  rent  increase.  The remaining growth in
minimum rents was the result of internal growth  offset  by  $1,957 from a one-
time, non-cash transaction recorded in 1999.

      Other revenues increased $1,196 to $1,405 as compared to  $209  in  1999.
This  increase  is due to redevelopment agency sums for the current period plus
the final settlement of such sums related to 1999.

<PAGE> 12

      Revenues recognized  from  straight-line rents were $799 in 2000 and $623
in 1999.

      Recoveries from tenants increased  $1,266 or 9% to $15,193 as compared to
$13,927  in  1999.   Property  operating  expenses,   including  operating  and
maintenance, and real estate taxes and insurance increased  $936 or 9% and $464
or  7%,  respectively.   The opening of the Mall at Sierra Vista  and  Cinemark
Theatre at Provo Towne Center contributed $366 to recoveries from tenants, $352
to property operating expenses,  including  operating and maintenance, and $249
to real estate taxes and insurance.  Recoveries from tenants as a percentage of
property operating expenses were 80% in 2000 compared to 79% in 1999.

      General and administrative expense decreased  $354  or  10%  to $3,177 in
2000 as compared to $3,531 in 1999.  The decrease is primarily due to decreased
insurance expenses related to the Company's health insurance plan and decreased
legal expenses.

      Depreciation  and  amortization  increased  $1,086  or  9% to $13,711  as
compared  to  $12,625  in  1999.   This  increase  is  attributable  to  higher
depreciation  expense from newly developed GLA offset by the effect of  changes
in asset lives on certain tenant improvements in 1999.

      Interest  expense  increased $392 or 3% to $15,091 as compared to $14,699
in 1999.  This increase resulted from higher interest rates on lower borrowings
and  a  decrease  in capitalized  interest  due  to  completed  GLA.   Interest
capitalized on projects  under  development  was  $800  in  2000 as compared to
$1,039 in 1999.

      The  Operating  Partnership completed three preferred unit  transactions.
One in each of the second  and  third quarters of 1999 and second quarter 2000,
which resulted in net proceeds of  approximately  $112,327.   The  Company used
approximately  $110,100 to reduce borrowings.  The reduction of net income  for
the six months ended  June 30, 2000 associated with issuing the preferred units
was approximately $322.

      Gain on sale of real estate in 2000 was $1,629 as compared to no sales in
1999.

    COMPARISON OF THREE  MONTHS  ENDED JUNE 30, 2000 TO THREE MONTHS ENDED JUNE
30, 1999 (DOLLARS IN THOUSANDS)

    Total revenues for the three months ended June 30, 2000 increased $3,346 or
11% to $34,254 as compared to $30,908 in 1999.

    This increase is primarily attributable  to  a  $1,739  or  7%  increase in
minimum rents to $24,954 as compared to $23,215 in 1999.  The October  20, 1999
opening  of the Mall at Sierra Vista, the November 11, 1999 opening of Cinemark
Theatre  at  Provo  Towne  Centre  and  the  expansion  of  Boise  Towne  Plaza
contributed $990 to the minimum rent increase.  The remaining growth in minimum
rents was the result of other internal growth.

    Other revenues increased $1,010 to $1,077 as compared to $67 in 1999.  This
increase is  due  to  redevelopment agency sums for the current period plus the
final settlement of such sums related to 1999.

    Revenues recognized  from straight-line rents were $402 in 2000 and $343 in
1999.

    Recoveries from tenants  increased  $585  or  8%  to  $7,744 as compared to
$7,159   in  1999.   Property  operating  expenses,  including  operating   and
maintenance,  and real estate taxes and insurance increased $755 or 14% and $96
or 3%, respectively.   The  opening  of  The  Mall at Sierra Vista and Cinemark
Theatre at Provo Towne Center contributed $135 to recoveries from tenants, $156
to property operating expenses, including operating  and  maintenance, and $117
to real estate taxes and insurance.  Recoveries from tenants as a percentage of
property operating expenses were 80% in 2000 compared to 81% in 1999.

    General and administrative expense decreased $179 or 10%  to $1,558 in 2000
as  compared  to  $1,737  in 1999.  The decrease is primarily due to  decreased
insurance expenses related to the Company's health insurance plan and decreased
legal expenses.

    Depreciation and amortization  decreased $14 to $6,773 from $6,787 in 1999.
The decrease is the result of charges  from  changes  in asset lives on certain
tenant  improvements  in  1999  for  $638  offset  by the increase  from  newly
developed GLA.

<PAGE> 13

    Interest expense increased $302 or 4% to $7,642  as  compared  to $7,340 in
1999.   This  increase  resulted from higher interest rates on lower borrowings
and  a  decrease  in capitalized  interest  due  to  completed  GLA.   Interest
capitalized on projects  under development was $420 in 2000 as compared to $534
in 1999.

    The Operating Partnership completed three preferred unit transactions.  One
in each of the second and  third  quarters  of 1999 and second quarter of 2000,
which  resulted in net proceeds of approximately  $112,327.  The  Company  used
approximately  $110,100  to reduce borrowings.  The reduction of net income for
the quarter ended June 30, 2000 associated with issuing the preferred units was
$128.

    Gain on sale of real estate was $1,386 as compared to no sales in 1999.

 LIQUIDITY AND CAPITAL RESOURCES

    The Company's principal  uses  of  its liquidity and capital resources have
historically   been   for   distributions,  property   acquisitions,   property
development, expansion and renovation programs and debt repayment.  To maintain
its qualification as a REIT under the Internal Revenue Code of 1986, as amended
(the "Code"), JP Realty, Inc.  is required to distribute to its stockholders at
least 95% of its "Real Estate Investment  Trust  Taxable Income," as defined in
the Code.  For the quarter ended June 30, 2000, the Company declared a dividend
of $.48 per share payable July 18, 2000 to the stockholders  of  record  as  of
July 7, 2000.

    The  Company's  principal  source  of  liquidity  is  its  cash  flow  from
operations  generated  from  its real estate investments.  As of June 30, 2000,
the Company's cash and restricted  cash amounted to approximately $9.5 million.
In addition to its cash and restricted  cash,  unused capacity under its Credit
Facility at June 30, 2000, totaled $98 million.

    The  Company  expects to meet its short-term cash  requirements,  including
distributions,  recurring  capital  expenditures  related  to  maintenance  and
improvement  of  existing   properties,   through   undistributed   funds  from
operations, cash balances and advances under the new 2000 Credit Facility.

    The  Company's  principal  long-term  liquidity  requirements  will be  the
repayment  of  principal on its outstanding secured and unsecured indebtedness.
At  June  30,  2000,   the   Company's   total   outstanding  indebtedness  was
approximately $439.0 million.  Such indebtedness included:  (i) the outstanding
balance on the $200 million Credit Facility which equaled $92.5 million at June
30, 2000 and was paid-off with borrowings from the new 2000 Credit  Facility on
July  28,  2000 (note 8) which is due July 28, 2003; (ii) the $12 million  8.5%
note secured  by real estate, which required a balloon payment of approximately
$11.9 million and  was  paid-off  with  borrowings  from  the  new  2000 Credit
Facility  on  August  1,  2000  (note  8);  (iii) the $61.2 million 6.37% notes
secured  by real estate which mature in January  2001;  (iv)  the  Provo  Towne
Centre construction  loan  of  approximately $43.8 million which is due in July
2001; (v) the Spokane Valley Mall  construction  loan of $41.6 million which is
due in August 2001; (vi) the $100 million senior notes principal payable of $25
million  a year beginning March 2005; and (vii) the  $83  million  6.68%  first
mortgage,  which  requires  a balloon payment of approximately $73.0 million in
September 2008.

    On  April  23, 1999, the Operating  Partnership  issued  510,000  Series  A
Preferred  Units  in  a  private  placement.   Each  Series  A  Preferred  Unit
represents a  unit  of  limited  partner  interest  with a liquidation value of
twenty-five dollars per unit.  The Operating Partnership  used the net proceeds
of  approximately  $12.3  million  for  the  partial  repayment  of  borrowings
outstanding  under  the  Credit  Facility.   On  July  28,  1999, the Operating
Partnership  also  issued  3,800,000  Series  B  Preferred Units in  a  private
placement.   Each  Series  B  Preferred  Unit  represents  a  unit  of  limited
partnership interest with a liquidation value of  twenty-five dollars per unit.
The Operating Partnership used the proceeds of approximately  $92.2  million to
repay  $90 million in borrowings outstanding under the Credit Facility  and  to
increase  operating  cash.   On  May  1, 2000, the Operating Partnership issued
320,000  Series  C  Preferred  Units in a private  placement.   Each  Series  C
Preferred Unit represents a unit of limited partner interest with a liquidation
value of twenty-five dollars per  unit.  The Operating Partnership used the net
proceeds of $7.7 million to pay transaction costs and for the partial repayment
of borrowings outstanding under the  Credit  Facility.  Quarterly distributions
of approximately $278,900, $2,125,600 and $175,000  are  due  to the holders of
the Series A, Series B and Series C Preferred Units, respectively,  on the last
day of each March, June, September and December.

    Additional  long-term  capital needs of the Company relate to the expansion
of NorthTown Mall, an enclosed  regional  mall  in Spokane, Washington, through
its consolidated partnership Price Spokane, Limited  Partnership.   The project
is  expected  to  be  completed  in  the  third  quarter  of  2000 and will add
approximately  95,000  square  feet  of  GLA.  At June 30, 2000, the  Operating
Partnership  had  expended  an  aggregate  of  approximately  $14  million  for
expansion   costs  and   anticipates  expending

<PAGE> 14

an additional $8 million to complete the project, which will be funded  by  the
new 2000 Credit Facility. The Company is currently involved in smaller expansion
and  renovation  projects  at  several  of  its  properties, which  will also be
financed by the new 2000 Credit Facility.

    The  Company is also contemplating the expansion and renovation of  several
of its existing properties and additional development projects and acquisitions
as a means  to  expand  its portfolio.  The Company does not expect to generate
sufficient funds from operations  to  meet  such long-term needs and intends to
finance  these  costs primarily through advances  under  the  new  2000  Credit
Facility together  with  equity  and  debt  offerings  and  individual property
financing.   The  availability of such financing will influence  the  Company's
decision to proceed  with,  and  the  pace  of, its development and acquisition
activities.

    On September 2, 1997, the Company and the  Operating  Partnership  filed  a
shelf  registration  statement  on  Form  S-3  with the Securities and Exchange
Commission  for  the  purpose  of registering common  stock,  preferred  stock,
depositary shares, common stock warrants, debt securities and guarantees.  This
registration statement, when combined  with the Company's unused portion of its
previous shelf registration, would allow  for  up to $400 million of securities
to be offered by the Company and the Operating Partnership.  On March 11, 1998,
pursuant to this registration statement, the Operating  Partnership issued $100
million of ten-year senior unsecured notes bearing annual interest at a rate of
7.29%.  The Operating Partnership had entered into an interest  rate protection
agreement in anticipation of issuing these notes and received $270  as a result
of  terminating  this agreement making the effective rate of interest on  these
notes 7.24%.  Interest  payments  are  due  semi-annually  on  March  11th  and
September 11th of each year. Principal payments of $25 million are due annually
beginning  March  2005.   The proceeds were used to partially repay outstanding
borrowings under the Credit  Facility.   At  June 30, 2000, the Company and the
Operating Partnership had an aggregate of $300 million in registered securities
available under its effective shelf registration statement.

    The  Company  intends  to  fund its distribution,  development,  expansion,
renovation, acquisition and debt  repayment activities from its new 2000 Credit
Facility  as  well  as  other  debt and  equity  financings,  including  public
financing.  The Company's ratio  of  debt-to-total  market  capitalization  was
approximately 48% at June 30, 2000.

    The statements contained in this Quarterly Report of Form 10-Q that are not
purely  historical  fact  are  forward looking statements, including statements
regarding the Company's expectations,  budgets,  estimates  and contemplations.
All  forward  looking  statements  included  in  this  document  are  based  on
information  available  to  the  Company  on  the  date hereof, and the Company
assumes  no  obligation to update any such forward looking  statement.   It  is
important to note  that  the  Company's  actual results could differ materially
from  those in such forward looking statements.   Certain  factors  that  might
cause such  differences  include those relating to changes in economic climate,
local  conditions,  law  and   regulations,   the  availability  of  acceptable
financing, the relative illiquidity of real property investments, the potential
bankruptcy  of  tenants  and  the development, redevelopment  or  expansion  of
properties.


ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
          ----------------------------------------------------------

    The Company's exposure to market  risk  is  limited  to fluctuations in the
general level of interest rates on its current and future  fixed  and  variable
rate  debt obligations. Even though its philosophy is to maintain a fairly  low
tolerance  to  interest rate fluctuation risk, the Company is still vulnerable,
however, to significant  fluctuations  in  interest  rates on its variable rate
debt,  on any future repricing or refinancing of its fixed  rate  debt  and  on
future debt.

    The  Company uses long-term and medium-term debt as a source of capital. At
June 30, 2000,  the  Company had approximately $261,157,000 of fixed rate debt,
which consisted of $100,000,000  unsecured  senior  notes  and  $161,157,000 in
mortgages  and  notes  secured  by  real  estate.  The various fixed rate  debt
instruments mature starting in the year 2000 through 2095. The weighted average
rate of interest on the fixed rate debt was  approximately  7.0%  for  the  six
months  ended  June  30,  2000.  When debt instruments of this type mature, the
Company typically refinances  such  debt  at  the then-existing market interest
rates which may be more or less than the interest  rates  on the maturing debt.
In  addition, the Company may attempt to reduce interest rate  risk  associated
with  a  forecasted  issuance  of new fixed rate debt by entering into interest
rate protection agreements. At June  30,  2000,  the  Company had approximately
$12,027,000 in fixed rate debt maturing during  2000.   On  August 1, 2000, the
Company paid-off $11,950,000 of this fixed rate debt using borrowings  from its
new 2000 Credit Facility (note 8).

    The Company's Credit Facility and existing construction loans have variable
interest rates and any fluctuation in interest rates could increase or decrease
the Company's interest expense. At June 30, 2000, the Company had approximately
$177,892,000  in outstanding variable rate debt.  The weighted average rate  of
interest  on the  variable  interest  rate  debt  was

<PAGE> 15

approximately 7.4% for the six months ended June 30, 2000.  If the interest rate
for the Company's variable rate debt increased or decreased  by 1%  during 2000,
the  Company's  interest  expense on its  outstanding variable rate  debt  would
increase or decrease, as the case may be, by approximately $1,778,000, annually.

    Due  to  the uncertainty of fluctuations in interest rates and the specific
actions that might  be  taken  by  the  Company  to mitigate the impact of such
fluctuations  and  their possible effects, the foregoing  sensitivity  analysis
assumes no changes in the Company's financial structure.

                                        PART II

ITEM 1.  LEGAL PROCEEDINGS
         ------------------

    The Operating Partnership  is  not  aware  of  any  pending  or  threatened
litigation  at  this  time  that  will  have  a  material adverse effect on the
Operating Partnership or any of its properties.


ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS
         -----------------------------------------

         Not applicable

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
         -------------------------------

         Not applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
         ---------------------------------------------------

         Not applicable


ITEM 5.  OTHER INFORMATION
         -----------------

         Not applicable.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
         --------------------------------

    (a)   Exhibits


<PAGE> 16

<TABLE>
<CAPTION>
EXHIBIT
NUMBER                               DESCRIPTION
------                               ------------
<S>      <C>      <C>
4.1                Form of Debt Security (4.6)*
4.2                Indenture, dated March 11, 1998, by and between the Operating Partnership and The Chase
                   Manhattan Bank as trustee (4.8)*
4.3                First Supplemental Indenture, dated March 11, 1998, by and between the Operating Partnership
                   and The Chase Manhattan Bank as  trustee (4.9)*
10.1               Second Amended and Restated Agreement of Limited Partnership of Price Development Company,
                   Limited Partnership**
10.2               Agreement of Limited Partnership of Price Financing Partnership, L.P. (10(b))***
10.3               Loan Agreements related to Mortgage Debt and related documents (10(c))***
          i)       Deed of Trust, Mortgage, Security Agreement and Assignment of Leases and Rents of Price
                   Financing Partnership, L.P.
          ii)      Intentionally Omitted
          iii)     Indenture between Price Capital Corp. and a Trustee
          iv)      Limited Guarantee Agreement (Guarantee of Collection) for outside investors
          v)       Limited Guarantee Agreement (Guarantee of Collection) for Price Group Investors
          vi)      Cash Collateral Account Security, Pledge and Assignment Agreement among Price Financing
                   Partnership, L.P., Price Capital Corp. and Continental Bank N.A.
          vii)     Note Issuance Agency Agreement between Price Capital Corp. and Price Financing Partnership,
                   L.P.
          viii)    Management and Leasing Agreement among Price Financing Partnership, L.P. and Price Development
                   Company, Limited Partnership
          ix)      Assignment of Management and Leasing Agreement of Price Financing Partnership, L.P.
10.6               Registration Rights Agreement among the Company and the Limited Partners of Price Development
                   Company, Limited Partnership (10(g))***
10.7               Amendment No. 1 to Registration Rights Agreement, dated August 1, 1995, among the Company and
                   the Limited Partners of Price Development Company, Limited Partnership***
10.8               Exchange Agreement among the Company and the Limited Partners of Price Development Company,
                   Limited Partnership (10(h))***
10.10              Amendment to Groundlease between Price Development Company and Alvin Malstrom as Trustee and
                   C.F. Malstrom, dated December 31, 1985. (Groundlease for Plaza 9400) (10(j))***
10.11              Lease Agreement between The Corporation of the President of the Church of Jesus Christ of
                   Latter Day Saints and Price-James and Assumptions, dated September 24, 1979.  (Groundlease for
                   Anaheim Plaza) (10(k))***
10.12              Indenture of Lease between Ambrose and Zelda Motta and Cordova Village, dated July 26, 1974,
                   and Amendments and Transfers thereto.  (Groundlease for Fort Union Plaza) (10(l))***
10.13              Lease Agreement between Advance Management Corporation and Price Rentals, Inc. and dated August
                   1, 1975 and Amendments thereto. (Groundlease for Price Fremont) (10(m))***
10.14              Groundlease between Aldo Rossi and Price Development Company, dated June 1, 1989, and related
                   documents.  (Groundlease for Halsey Crossing) (10(n))***
10.15              First Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership**
10.16              Second Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership**
10.17              Third Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership****
10.18              Fourth Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership*****
10.19              Fifth Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership******
27.1               Financial Data Schedule
</TABLE>
------------------------
<TABLE>
<CAPTION>
<S>    <C>
      * Documents were previously filed with the Operating Partnership's Current Report on Form 8-K dated March 12, 1998,
        under the exhibit numbered in the parenthetical, and are incorporated herein by reference.
     ** Documents were previously filed with the Operating Partnership's Quarterly Report on Form 10-Q for the quarter ended
        June 30, 1999 and are incorporated herein by reference.
    *** Documents were previously filed with the Company's Registration Statement on Form S-11, File No. 33-68844, under the
        exhibit numbered in the parenthetical, and are incorporated herein by reference.
   **** Document was previously filed with Operating Partnership's Quarterly Report on Form 10-Q for the quarter ended
        September 30, 1999 and is incorporated herein by reference.
  ***** Document was previously filed with the Operating Partnership's Annual Report on Form 10-K for the year ended
        December 31, 1999 and is incorporated herein by reference.
 ****** Document was previously filed with Operating Partnership's Quarterly Report on Form 10-Q for the quarter ended March
        31, 2000 and is incorporated herein by reference.
</TABLE>
<TABLE>
<CAPTION>
        <S>      <C>
(b)               CURRENT REPORTS ON FORM 8-K
                  None
</TABLE>

<PAGE> 17
                                        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.

<TABLE>
<CAPTION>
                                        PRICE DEVELOPMENT COMPANY,
                                        LIMITED PARTNERSHIP
                                        (Registrant)
<S>                                    <C>
                                        By: JP Realty, Inc., its General Partner



            August 10, 2000              /s/ G. Rex Frazier
    -----------------------------       ----------------------------
                (Date)                  G. Rex Frazier
                                        PRESIDENT, CHIEF OPERATING OFFICER,
                                        AND DIRECTOR


            August 10, 2000               /s/ M. Scott Collins
    ------------------------------      -----------------------------
                (Date)                  M. Scott Collins
                                        VICE PRESIDENT--CHIEF FINANCIAL OFFICER
                                        (PRINCIPAL FINANCIAL
                                         & ACCOUNTING OFFICER)
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
EXHIBIT
NUMBER                               DESCRIPTION
------                               ------------
<S>      <C>      <C>
4.1                Form of Debt Security (4.6)*
4.2                Indenture, dated March 11, 1998, by and between the Operating Partnership and The Chase
                   Manhattan Bank as trustee (4.8)*
4.3                First Supplemental Indenture, dated March 11, 1998, by and between the Operating Partnership
                   and The Chase Manhattan Bank as  trustee (4.9)*
10.1               Second Amended and Restated Agreement of Limited Partnership of Price Development Company,
                   Limited Partnership**
10.2               Agreement of Limited Partnership of Price Financing Partnership, L.P. (10(b))***
10.3               Loan Agreements related to Mortgage Debt and related documents (10(c))***
          i)       Deed of Trust, Mortgage, Security Agreement and Assignment of Leases and Rents of Price
                   Financing Partnership, L.P.
          ii)      Intentionally Omitted
          iii)     Indenture between Price Capital Corp. and a Trustee
          iv)      Limited Guarantee Agreement (Guarantee of Collection) for outside investors
          v)       Limited Guarantee Agreement (Guarantee of Collection) for Price Group Investors
          vi)      Cash Collateral Account Security, Pledge and Assignment Agreement among Price Financing
                   Partnership, L.P., Price Capital Corp. and Continental Bank N.A.
          vii)     Note Issuance Agency Agreement between Price Capital Corp. and Price Financing Partnership,
                   L.P.
          viii)    Management and Leasing Agreement among Price Financing Partnership, L.P. and Price Development
                   Company, Limited Partnership
          ix)      Assignment of Management and Leasing Agreement of Price Financing Partnership, L.P.
10.6               Registration Rights Agreement among the Company and the Limited Partners of Price Development
                   Company, Limited Partnership (10(g))***
10.7               Amendment No. 1 to Registration Rights Agreement, dated August 1, 1995, among the Company and
                   the Limited Partners of Price Development Company, Limited Partnership***
10.8               Exchange Agreement among the Company and the Limited Partners of Price Development Company,
                   Limited Partnership (10(h))***
10.10              Amendment to Groundlease between Price Development Company and Alvin Malstrom as Trustee and
                   C.F. Malstrom, dated December 31, 1985. (Groundlease for Plaza 9400) (10(j))***
10.11              Lease Agreement between The Corporation of the President of the Church of Jesus Christ of
                   Latter Day Saints and Price-James and Assumptions, dated September 24, 1979.  (Groundlease for
                   Anaheim Plaza) (10(k))***
10.12              Indenture of Lease between Ambrose and Zelda Motta and Cordova Village, dated July 26, 1974,
                   and Amendments and Transfers thereto.  (Groundlease for Fort Union Plaza) (10(l))***
10.13              Lease Agreement between Advance Management Corporation and Price Rentals, Inc. and dated August
                   1, 1975 and Amendments thereto. (Groundlease for Price Fremont) (10(m))***
10.14              Groundlease between Aldo Rossi and Price Development Company, dated June 1, 1989, and related
                   documents.  (Groundlease for Halsey Crossing) (10(n))***
10.15              First Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership**
10.16              Second Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership**
10.17              Third Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership****
10.18              Fourth Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership*****
10.19              Fifth Amendment to Second Amended and Restated Agreement of Limited Partnership of Price
                   Development Company, Limited Partnership******
27.1               Financial Data Schedule
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      * Documents were previously filed with the Operating Partnership's Current Report on Form 8-K dated March 12, 1998,
        under the exhibit numbered in the parenthetical, and are incorporated herein by reference.
     ** Documents were previously filed with the Operating Partnership's Quarterly Report on Form 10-Q for the quarter ended
        June 30, 1999 and are incorporated herein by reference.
    *** Documents were previously filed with the Company's Registration Statement on Form S-11, File No. 33-68844, under the
        exhibit numbered in the parenthetical, and are incorporated herein by reference.
   **** Document was previously filed with Operating Partnership's Quarterly Report on Form 10-Q for the quarter ended
        September 30, 1999 and is incorporated herein by reference.
  ***** Document was previously filed with the Operating Partnership's Annual Report on Form 10-K for the year ended
        December 31, 1999 and is incorporated herein by reference.
 ****** Document was previously filed with Operating Partnership's Quarterly Report on Form 10-Q for the quarter ended March
        31, 2000 and is incorporated herein by reference.
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