U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: August 16, 1996
GROVE REAL ESTATE ASSET TRUST
(Exact name of registrant as specified in its charter)
Maryland 1-13080 06-1391084
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) Number) Identification No.)
598 Asylum Avenue, Hartford, Connecticut 06105
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (203) 520-4789
NO CHANGES
(Former name or former address, if changed since last report)
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ITEM 4: CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANTS
Grove Real Estate Asset Trust (the "Registrant") has dismissed BDO Seidman, LLP
as its independent public accountants effective August 16, 1996.
During the two most recent fiscal years and subsequent interim period from
January 1, 1996 to August 16, 1996, there have been no disagreements with the
former accountants on any matter of accounting principle or practice, financial
statement disclosure, or auditing scope or procedure. The former accountants'
report on the financial statements of the Registrant for each of the two past
fiscal years was unqualified.
The Registrant has engaged Ernst & Young, LLP as its new independent public
accountants effective with the dismissal of its former accountants. During the
Registrant's two most recent fiscal years and subsequent interim period from
January 1, 1996 to August 16, 1996, there have been no consultations with the
newly engaged accountants with regard to either the application of accounting
principles as to any specific transaction, either completed or contemplated, the
type of audit opinion that would be rendered on the Registrant's financial
statements, or any matter of disagreements with the former accountants.
The decision to change accountants was approved by all member of the Board of
Trust Managers of the Registrant.
ITEM 7: FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS
A. Financial Statements: Not Applicable
B. Pro Forma Financial Information: Not Applicable
C: Exhibits
16.1 Former Accountants' Letter
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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.
Dated: September 5, 1996
GROVE REAL ESTATE ASSET TRUST
By: Joseph R. LaBrosse
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Name: Joseph R. LaBrosse
Title: Chief Financial Officer, Secretary and Treasurer
BDO Seidman, LLP 330 Madison Avenue
Accountants and Consultants New York, New York 10017
Telephone: (212) 885-8000
Fax: (212) 697-1299
September 4, 1996
Securities and Exchange Commission
450 5th Street N.W.
Washington, DC 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4 of Form
8-K/A for the event that occured August 16, 1996, to be filed by our former
client the Grove Real Estate Asset Trust. We agree with the statements made in
response to that Item insofar as they relate to our Firm.
Very truly yours,
BDO SEIDMAN, LLP
BDO SEIDMAN, LLP
