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OMB APPROVAL
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- -------- OMB Number: 3235-0104
FORM 3 Expires: April 30, 1997
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hours per response .... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Morgan Stanley Group Inc. Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) Grove Real Estate Asset Trust (GRE) (Month/Day/Year)
(Last) (First) (Middle) March 14, 1997 ------------------------------------
1585 Broadway ---------------------------- 5. Relationship of Reporting 7. Individual or
- ---------------------------------------- 3. IRS or Social Security Person to Issuer Joint/Group Filing
(Street) Number of Reporting (Check all applicable) (check applicable
Person (Voluntary) ----- Director X 10% Owner box)
----- X Form filed
New York, New York 10036 ----- Officer ----- Other --- by One
- -------------------------------------- ---------------------------- (give title below) (specify Reporting
(City) (State) (Zip) below) Person
Form filed by
--------------------------- ---- more than One
Reporting
Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
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Common Shares of Beneficial Interest 494,949 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (8/92)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
------------------------------------------------- (D) or
Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Explanation of Responses:
Morgan Stanley Group Inc.
**Intentional misstatements or omissions of facts constitute Federal Criminal /s/ Edward Johnsen March 24, 1997
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- --------------
Name: Edward Johnsen Date
Note. File three copies of this Form, one of which must be manually signed. Title: Authorized Representative
If space provided is insufficient, See Instruction 6 for procedure. **Signature of Reporting Person
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SEC 1473 (8/92)
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