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(Date of earliest event reported) December 6, 1996 Brauvin Net Lease V, Inc. (Exact name of registrant as specified in its charter) Maryland 0-28332 36-3913066 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification organization) Number) 150 South Wacker Drive, Suite 3200, Chicago, Illinois 60606 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (312) 443-0922 Not Applicable (Former name or former address, if changed since last report) Item 7. Financial Statements and Exhibits (C) Exhibits (16) Letter of Ernst & Young LLP on changes in certifying accountant. Ernst & Young LLP Suite 2100 One North Franklin Chicago, Illinois 60606 Phone: 312 879 6500 Fax: 312 879 6550 EXHIBIT 16 TO FORM 8-K December 10, 1996 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Gentlmen: We have read Item 4 of Form 8-K dated December 10, 1996, of Brauvin Net Lease V, Inc. and are in agreement with the statements contained in the first paragraph on page 2 therein. We have no basis to agree or disagree with other statements of the registrant contained therein. Sincerely, /s/ Ernst & Young LLP 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. BRAUVIN NET LEASE V, INC. By: /s/ Jerome J. Brault Jerome J. Brault, Chairman of the Board, President and Chief Executive Officer Dated: December 12, 1996