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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950157-98-000439.txt : 19981113
<SEC-HEADER>0000950157-98-000439.hdr.sgml : 19981113
ACCESSION NUMBER:		0000950157-98-000439
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980915
FILED AS OF DATE:		19981112

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ATRIA COMMUNITIES INC
		CENTRAL INDEX KEY:			0001016168
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-NURSING & PERSONAL CARE FACILITIES [8050]
		IRS NUMBER:				611303738
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		
		SEC FILE NUMBER:	000-21159
		FILM NUMBER:		98745437

	BUSINESS ADDRESS:	
		STREET 1:		501 SOUTH FOURTH AVENUE
		STREET 2:		STE 140
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40202
		BUSINESS PHONE:		5027191600

	MAIL ADDRESS:	
		STREET 1:		501 SOUTH FOURTH AVENUE
		STREET 2:		STE 140
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40202
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			LAZARD FRERES REAL ESTATE INVESTORS LLC
	CENTRAL INDEX KEY:			0001042593
	STANDARD INDUSTRIAL CLASSIFICATION:	 []
<RELATIONSHIP>OWNER
	STATE OF INCORPORATION:			NY
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		30 ROCKEFELLER PLAZA
	STREET 2:		63RD FL
	CITY:			NEW YORK
	STATE:			NY
	ZIP:			10020
	BUSINESS PHONE:		2126326000

MAIL ADDRESS:	
	STREET 1:		30 ROCKEFELLER PLAZA
	STREET 2:		63RD FL
	CITY:			NEW YORK
	STATE:			NY
	ZIP:			10020
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<DESCRIPTION>INIT STMNT/BENEFICIAL OWNERSHIP OF SECURITIES
<TEXT>


                                                  ------------------------------
                                                           OMB APPROVAL
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                                                  OMB Number          
                                                  Expires:        
                                                  Estimated average burden
                                                  hours per response ....... 0.5
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 3

            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940


================================================================================
1. Name and Address of Reporting Person*

   Gunty                 Murry                   N.
- --------------------------------------------------------------------------------
   (Last)               (First)                 (Middle)

Lazard Freres Real Estate Investors L.L.C.
30 Rockefeller Plaza, 63rd Floor
- --------------------------------------------------------------------------------
                                    (Street)

New York                              NY                          10020
- --------------------------------------------------------------------------------
   (City)                           (State)                       (Zip)


================================================================================
2. Date of Event Requiring Statement (Month/Day/Year)

   09/15/98

================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)


================================================================================
4. Issuer Name and Ticker or Trading Symbol

   Atria Communities, Inc. (ATRC)
================================================================================
5. Relationship of Reporting Person(s) to Issuer
   (Check all applicable)

   [ X ]   Director                             [ X ]   10% Owner
   [   ]   Officer (give title below)           [   ]   Other (specify below)



      --------------------------------------------------------------------

================================================================================
6. If Amendment, Date of Original (Month/Year)


================================================================================
7. Individual or Joint/Group Filing  (Check applicable line) 

   [ X ] Form Filed by One Reporting Person

   [   ] Form Filed by More than One Reporting Person

================================================================================
             Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>

                                                                 3. Ownership Form:
                                      2. Amount of Securities       Direct (D) or  
1. Title of Security                     Beneficially Owned         Indirect (I)       4. Nature of Indirect Beneficial Ownership
   (Instr. 4)                            (Instr. 4)                 (Instr. 5)            (Instr.5)                              
- ------------------------------------------------------------------------------------------------------------------------------------
   <S>                                   <C>                         <C>                  <C>

   Common Stock                          9,135,802                    I                   (1)
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>

*    If the form is filed by more than one reporting person, see Instruction
     5(b)(v)

Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.


                                  Page 1 of 2


<PAGE>


FORM 3 (continued)

              Table II -- Derivative Securities Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                        5. Owner-
                                                    3. Title and Amount of Securities                      ship
                                                       Underlying Derivative Security                      Form of
                         2. Date Exercisable           (Instr. 4)                                          Derivative
                            and Expiration Date     ---------------------------------    4. Conver-        Security:
                            (Month/Day/Year)                               Amount           sion or        Direct      6. Nature of
                         ----------------------                            or               Exercise       (D) or         Indirect
                         Date       Expira-                                Number           Price of       Indirect       Beneficial
1. Title of Derivative   Exer-      tion                                   of               Derivative     (I)            Ownership
   Security (Instr. 4)   cisable    Date            Title                  Shares           Security       (Instr.5)      (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                      <C>        <C>             <C>                    <C>           <C>            <C>            <C>


- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

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- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>
Explanation of Responses:

(1) By Kapson Senior Quarters Corp. ("Kapson"). Murry N. Gunty is a 
principal of Lazard Freres Real Estate Investors L.L.C., which is the general
partner of LF Strategic Realty Investors II, L.P., LFSRI II Alternative
Partnership L.P. and LFSRI II-CADIM Alternative Partnership L.P., the three
Managing Members of Prometheus Senior Quarters, LLC ("Prometheus").
Prometheus is the owner of a majority of the outstanding shares of common
stock of Prometheus SQ Holdings Corp. which is the owner of a majority of
the outstanding shares of common stock of Prometheus SQ Interim Corp.
("PSQI"). PSQI is the direct parent of Kapson. Mr. Gunty hereby disclaims
beneficial ownership of the shares of common stock of the Issuer held by
Kapson except to the extent of his pecuniary interest therein.




/s/ Murry N. Gunty                                            11/04/98
- -------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.

     See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB Number.



                                  Page 2 of 2


SEC 1473 (7-96)
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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