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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): April 30, 2009</B>

<P style="font-size: 24pt" align="center"><B>PRIME GROUP REALTY
TRUST<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
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cellpadding="0" width="100%" border="0">

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  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>MARYLAND</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>1-13589</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>36-4173047</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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cellpadding="0" width="100%" border="0">

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  <TD width="49%">&nbsp;</TD>
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  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>330 North Wabash Avenue Suite
2800 Chicago, IL<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>60611</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

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<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(312) 917-1300</B>
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cellpadding="0" width="30%" border="0">

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  <TD width="100%">&nbsp;</TD>
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  <TD style="border-bottom: #000000 1px solid" nowrap><B>NOT
APPLICABLE<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>



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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
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<P style="font-size: 10pt" align="justify"><B>Item&nbsp;1.01 Entry into a
Material Definitive Agreement.</B>

<P style="font-size: 10pt" align="justify">Prime Group Realty Trust (the
&#8220;<U>Company</U>&#8221;) issued a Press Release today disclosing that
effective as of April&nbsp;30, 2009, its wholly-owned qualified REIT subsidiary
PGRT ESH, Inc. (&#8220;<U>Borrower</U>&#8221;), entered into a Fifth Amendment
to Loan Agreement and a separate forbearance letter agreement (collectively,
the &#8220;<U>Amendment</U>&#8221;) which, among other things, modifies certain
terms of a loan from Citicorp USA, Inc. (&#8220;<U>Lender</U>&#8221;) in the
original principal amount of $120.0&nbsp;million and modifies and adds various
other covenants to the loan documents. The loan currently has an outstanding
principal amount of $80.0&nbsp;million.

<P style="font-size: 10pt" align="justify">The loan is completely non-recourse
to the Borrower, the Company and its subsidiaries, none of whom have any
personal liability for the loan. The loan is secured by, among other things, a
pledge of Borrower&#8217;s membership interest in BHAC Capital IV, L.L.C., an
entity that owns 100% of Extended Stay Hotels, Inc. The book value of the
Company&#8217;s interest in Borrower is currently carried at zero dollars on
its balance sheet.

<P style="font-size: 10pt" align="justify">Pursuant to the Amendment, the date
for making any further required principal repayments on the loan was extended
from April&nbsp;30, 2009 until the maturity date of the loan on June&nbsp;15,
2009. In addition, the Lender further agreed not to exercise any of its rights
and remedies under the loan documents relating to the repayment of the loan and
certain specified covenant defaults through July&nbsp;15, 2009. As previously
disclosed, the loan is guaranteed by affiliates of our parent companies (the
&#8220;<U>Guarantors</U>&#8221;), who have also pledged certain additional
collateral as security for the loan. It is currently anticipated that all or a
portion of the required repayments of the loan will be funded by affiliates of
the Guarantors, although there can be no assurances that this will be the case.

<P style="font-size: 10pt" align="justify">This Form 8-K filing contains
certain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 that reflect management&#8217;s current views
with respect to future events and financial performance. The words
&#8220;believes&#8221;, &#8220;expects&#8221;, &#8220;anticipates&#8221;,
&#8220;estimates&#8221;, and similar words or expressions are generally
intended to identify forward-looking statements. Actual results may differ
materially from those expected because of various risks and uncertainties,
including, but not limited to, changes in general economic conditions, adverse
changes in real estate markets as well as other risks and uncertainties
included from time to time in the Company&#8217;s filings with the Securities
and Exchange Commission.

<P style="font-size: 10pt" align="justify">The Company issued a press release
on May&nbsp;6, 2009 disclosing the foregoing matters set forth in this Form
8-K. A copy of the press release is attached hereto as Exhibit&nbsp;99.1 and
incorporated herein by reference.

<P style="font-size: 10pt" align="justify"><B>Item&nbsp;9.01 Financial
Statements and Exhibits</B>

<P style="font-size: 10pt" align="justify">(a)&nbsp;Financial Statements

<P style="font-size: 10pt" align="justify">None

<P style="font-size: 10pt" align="justify">(d)&nbsp;Exhibits.
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  <TD width="8%">&nbsp;</TD>
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 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap align="left"><B>Exhibit
No.</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap
align="center"><B>Description</B></TD>
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  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release of Prime Group Realty Trust dated
May&nbsp;6, 2009.</TD>
 </TR>
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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURE</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">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.

<P style="font-size: 10pt; margin-left: 46%" align="justify">PRIME GROUP REALTY
TRUST

<P style="font-size: 10pt; margin-left: 46%" align="justify">By: <U>/s/ Jeffrey
A. Patterson</U><br>Jeffrey A. Patterson
<div style="font-size: 10pt" align="justify">Dated: May&nbsp;6, 2009</div>

<div style="margin-top: -11pt; font-size: 10pt; margin-left: 46%"
align="justify">President and Chief Executive Officer </div>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
</DIV>

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<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap align="left"><B>Exhibit
No.</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap
align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release of Prime Group Realty Trust dated
May&nbsp;6, 2009.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
</DIV>

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</HTML>
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{"company-data": {"conformed-name": "PRIME GROUP REALTY TRUST", "cik": "0001042798", "assigned-sic": "6798", "irs-number": "364173047", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13589", "film-number": "09802383"}, "business-address": {"street1": "77 WEST WACKER DR", "street2": "STE 3900", "city": "CHICAGO", "state": "IL", "zip": "60601", "phone": "3129171300"}, "mail-address": {"street1": "77 WEST WACKER DRIVE", "street2": "SUITE 3900", "city": "CHICAGO", "state": "IL", "zip": "60601"}}
Form 8-K
UNITED STATES
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): April 30, 2009
PRIME GROUP REALTY
TRUST
(Exact name of registrant as
specified in its charter)
MARYLAND
1-13589
36-4173047
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
330 North Wabash Avenue Suite
2800 Chicago, IL
60611
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(312) 917-1300
NOT
APPLICABLE
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a
Material Definitive Agreement.
Prime Group Realty Trust (the
"
Company
") issued a Press Release today disclosing that
effective as of April 30, 2009, its wholly-owned qualified REIT subsidiary
PGRT ESH, Inc. ("
Borrower
"), entered into a Fifth Amendment
to Loan Agreement and a separate forbearance letter agreement (collectively,
the "
Amendment
") which, among other things, modifies certain
terms of a loan from Citicorp USA, Inc. ("
Lender
") in the
original principal amount of $120.0 million and modifies and adds various
other covenants to the loan documents. The loan currently has an outstanding
principal amount of $80.0 million.
The loan is completely non-recourse
to the Borrower, the Company and its subsidiaries, none of whom have any
personal liability for the loan. The loan is secured by, among other things, a
pledge of Borrower's membership interest in BHAC Capital IV, L.L.C., an
entity that owns 100% of Extended Stay Hotels, Inc. The book value of the
Company's interest in Borrower is currently carried at zero dollars on
its balance sheet.
Pursuant to the Amendment, the date
for making any further required principal repayments on the loan was extended
from April 30, 2009 until the maturity date of the loan on June 15,
2009. In addition, the Lender further agreed not to exercise any of its rights
and remedies under the loan documents relating to the repayment of the loan and
certain specified covenant defaults through July 15, 2009. As previously
disclosed, the loan is guaranteed by affiliates of our parent companies (the
"
Guarantors
"), who have also pledged certain additional
collateral as security for the loan. It is currently anticipated that all or a
portion of the required repayments of the loan will be funded by affiliates of
the Guarantors, although there can be no assurances that this will be the case.
This Form 8-K filing contains
certain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 that reflect management's current views
with respect to future events and financial performance. The words
"believes", "expects", "anticipates",
"estimates", and similar words or expressions are generally
intended to identify forward-looking statements. Actual results may differ
materially from those expected because of various risks and uncertainties,
including, but not limited to, changes in general economic conditions, adverse
changes in real estate markets as well as other risks and uncertainties
included from time to time in the Company's filings with the Securities
and Exchange Commission.
The Company issued a press release
on May 6, 2009 disclosing the foregoing matters set forth in this Form
8-K. A copy of the press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
Item 9.01 Financial
Statements and Exhibits
(a) Financial Statements
None
(d) Exhibits.
Exhibit
No.
Description
99.1
Press Release of Prime Group Realty Trust dated
May 6, 2009.
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 hereunto duly
authorized.
PRIME GROUP REALTY
TRUST
By:
/s/ Jeffrey
A. Patterson
Jeffrey A. Patterson
Dated: May 6, 2009
President and Chief Executive Officer
EXHIBIT INDEX
Exhibit
No.
Description
99.1
Press Release of Prime Group Realty Trust dated
May 6, 2009.