Exhibit Index
on Page 4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): March 14, 1997
GROVE PROPERTY TRUST
(Exact name of registrant as specified in its charter)
Maryland 1-13080 06-1391084
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
598 Asylum Avenue Hartford, Connecticut 06105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (860) 246-1126
Grove Real Estate Asset Trust
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(Former name or former address, if changed since last
report.)
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Item 5. Other Events.
On December 2, 1996, Grove Operating, L.P., a Delaware limited
partnership (the "Operating Partnership"), delivered to the limited partners of
certain limited partnerships (collectively, the "Property Partnerships") an
exchange offer statement, a supplement thereto and a letter of transmittal
(collectively, as amended and supplemented, the "Exchange Offer"), pursuant to
which the Operating Partnership offered to exchange all outstanding units of
limited partnership interest in the Property Partnerships for consideration of
units of beneficial interest in the Operating Partnership or, under certain
circumstances, cash. The Exchange Offer and the related withdrawal rights
expired at 10:00 a.m., New York time, on Friday, March 14, 1997. The press
release announcing the expiration of the Exchange Offer is filed herewith as
Exhibit 20.1.
Item 7. Financial Statements and Exhibits.
(a) - (b) Not applicable.
(c) The following Exhibit is filed as a part of this Report:
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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 hereunto duly authorized.
GROVE REAL ESTATE ASSET TRUST
Date: March 19, 1997 /s/ JOSEPH LABROSSE
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Joseph LaBrosse
Treasurer
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EXHIBIT INDEX
Exhibit No. Exhibit Page No.
20.1 Press Release, dated March 14, 1997, announcing expiration E-1
of Exchange Offer.
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Real Estate Update
March 14, 1997
HARTFORD, CT March 14, 1997. Grove Real Estate Trust (AMEX-ECM:GRE.EC).
Damon Navarro, CEO announced that the Exchange Offer for various Grove
partnerships was terminated at 10:00 am, March 14, 1997. This Exchange Offer was
part of the already announced series of transactions which increased the asset
base of GREAT from $10,000,000 to $85,000,000. END
E-1
