EQK GREEN ACRES TRUST
8-K, 1994-03-10
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<PAGE>
               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC  20549

                          FORM 8-K
 
                       CURRENT REPORT
 
               Pursuant to section 13 or 15(d) of 
              THE SECURITIES EXCHANGE ACT OF 1934 

Date of Report (Date of earliest event reported) February 28, 1994
 
                   EQK GREEN ACRES TRUST 
     (Exact name of registrant as specified in charter)

<TABLE> 
<S>                       <C>                       <C>   
Delaware                  1-12412                   23-2740383 
(State or other juris-    (Commission File Number)  (IRS Employer Identification No.)
diction of incorporation)  
</TABLE>

 
One Tower Bridge, W. Conshohocken, PA                               19428 
(Address of principal executive offices)                            (Zip Code) 

Registrant's telephone number, including area code 215-941-2992
 
                          N/A 
(Former name or former address, if changed since last report.)

      Exhibit Index Appears on Page 4
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 Item 5. Other Events
 
     On February 28, 1994, pursuant to a consent solicitation conducted by EQK
Green Acres, L.P. (the 'Partnership') and EQK Green Acres Trust (the 'Trust'), 
the conversion of the Partnership into a real estate investment trust (the
'Conversion') was approved by a majority of the Partnership's Unitholders.
Pursuant to the terms of the Conversion, on February 28, 1994, the Partnership
was merged with and into Green Acres Mall Corp., a wholly-owned subsidiary of
the Trust, and each outstanding Unit of the Partnership was converted on a
one-for-one basis into Common Shares of Beneficial Interest of the Trust
('Common Shares'). Additional Common Shares are being issued in connection 
with the Conversion to the Partnership's general partners and advisor,
resulting in a total of 11,902,653 Common Shares outstanding. For a detailed 
description of the Conversion, reference is made to the  Registration 
Statement of the Partnership and the Trust on Form S-4 (Reg. No. 33-68664), 
declared effective by the Securities and Exchange Commission on December 17, 
1993 (the 'Registration Statement'). The Registration Statement includes 
historical and pro forma financial statements for periods through 
September 30, 1993, which are the most current statements now available. 
The Trust's Report on Form 10-K for calendar year 1993 will contain 
financial statements through December 31, 1993. The Common Shares began 
trading on the New York Stock Exchange on March 1, 1994 under the symbol EGA. 

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
 
     (c) Exhibits
 
     Press Release of EQK Green Acres Trust dated March 1, 1994.
<PAGE>

                             SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
 
                                      EQK GREEN ACRES TRUST 

Date: March 10, 1994                  By: /s/ Myles H. Tanenbaum
                                      Name: Myles H. Tanenbaum
                                      Title: President and CEO
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                             EXHIBIT INDEX 
<TABLE>
<CAPTION>
Exhibit                                                          Sequentially 
Number                                                          Numbered Page 
<S>      <C>                                                              <C>             
99.1     Press Release of EQK Green Acres Trust dated March 1, 1994         5
<PAGE>
</TABLE>

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                                       FROM: EQK GREEN ACRES TRUST (NYSE:EGA)
                                             Suite 800
                                             One Tower Bridge
                                             W. Conshohocken, PA 19428
                                             (215) 941-2992
                                             Contact: Myles H. Tanenbaum
                                                      President
 
    W. CONSHOHOCKEN, PA - EQK GREEN ACRES, L.P. (NYSE: EGA) 
    ANNOUNCES CHANGE IN FORMAT AND CONVERSION TO A 
    REAL ESTATE INVESTMENT TRUST

 FOR IMMEDIATE RELEASE
 TUESDAY, MARCH 1, 1994
 
     At the close of business on February 28th, EQK Green Acres, L.P. (NYSE
symbol EGA) was converted from a limited partnership to a real estate 
investment trust, adopting the name EQK Green Acres Trust.
 
     'More significant than the change from partnership to REIT, are the 
changes in the Company's format,' observed Myles H. Tanenbaum, the Company's 
President. 'We are now allowed to add to the Company's real estate portfolio 
and to continue operations indefinitely.' From inception, the Company was 
limited to ownership of Green Acres Mall, a 1.7 million square foot 
super-regional shopping mall complex located in Valley Stream, L.I., NY, 
which heretofore was to be sold by the end of the decade.
 
     The Company has elected to largely self-manage its own affairs, 
terminating the existing advisory and property management contracts.
 
<PAGE>

     Pursuant to the conversion, each outstanding Unit has been converted 
into one Common Share of Beneficial Interest in the REIT. As previously 
described in materials provided to Unitholders, additional Common Shares are 
being issued to the partnership's general partners and advisor in connection 
with the conversion. The Common Shares will trade on the New York Stock 
Exchange using the same symbol (EGA) that had been used for the Units.


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