Grove Property Trust - GVE- Profile

Grove Property Trust (formerly Grove Real Estate Asset Trust) is a self-managed and self-administered real estate investment trust. The activities of the company includes acquisition, repositioning, management and operation of mid-priced and subsidized multifamily and specialty retail properties. The company currently operates 57 Apartment Communities and 4 retail properties. Rental income accounted for 98% of 1999 revenues; interest income, 1% and other, 1%.