FORM 8-K - CURRENT REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: September 30, 1998
HCW PENSION REAL ESTATE FUND LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
Massachusetts 0-14578 04-2825863
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or File Number) Identification
organization) Number)
55 Beattie Place
Post Office Box 1089
Greenville, South Carolina 29602
(Address of Principal Executive Office)
Registrant's telephone number, including area code (864) 239-1000
One Insignia Financial Plaza
(Former address, if changed since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
As of September 23, 1998, Deloitte & Touche LLP, the independent accountant
previously engaged as the principal accountant to audit the financial statements
of HCW Pension Real Estate Fund Limited Partnership (the "Registrant" or the
"Partnership"), was dismissed. As of the same date, the firm of KPMG Peat
Marwick LLC was engaged to provide the service for the Registrant.
The audit reports of Deloitte & Touche LLP on the financial statements of the
Partnership as of and for the years ended December 31, 1997 and 1996, did not
contain any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles.
The decision to change accountants was approved by the board of directors of the
general partner of the Partnership on September 23, 1998.
During the Partnership's two most recent fiscal years and any subsequent interim
period preceding the change, there were no disagreements with the former
accountant on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of the former accountant, would have caused it
to make reference to the subject matter of the disagreements in connection with
its report.
The Registrant has provided a copy of this disclosure to the former accountant,
and the Registrant requested that the former accountant furnish the Registrant
with a letter addressed to the Securities and Exchange Commission stating
whether it agrees with the statements made by the Registrant, and, if not,
stating the respects in which it does not agree. A copy of the former
accountant's response indicating agreement is included as an exhibit to this
report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired - Not Applicable
(b) Pro forma financial information - Not Applicable
(c) Exhibits
Letter dated October 1, 1998 from the Registrant's former independent
accountant regarding its concurrence with the statements made by the
Registrant in this Current Report.
SIGNATURE
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.
HCW PENSION REAL ESTATE FUND LIMITED PARTNERSHIP
By: HCW General Partner Ltd.,
the General Partner
By: IH Inc.,
the General Partner
By: /s/Patrick Foye
Patrick Foye
Executive Vice President
Date: October 26, 1998