FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Holloway Gary M   2. Issuer Name and Ticker or Trading Symbol GMH Communities Trust [GCT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Pres.,CEO& Bd. Trustees Chrmn. (Last) (First) (Middle) C/O GMH COMMUNITIES TRUST, 10 CAMPUS BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 11/02/2004 (Street) NEWTOWN SQUARE, PA 19073 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares               11,550 I by spouse Common Shares 11/02/2004   J(1)   1,000 D (1) 0 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Partnership Units

(2)

11/02/2004

J(4)

15,543,503

(2)

(2)

Common Shares

15,543,503

(2) (4)

15,543,503

D

Partneship Units

(2)

11/02/2004

J(5)

1,315,791

(2)

(2)

Common Shares

1,315,791

(2) (5)

1,315,791

I

See Footnote (3)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Holloway Gary M C/O GMH COMMUNITIES TRUST 10 CAMPUS BOULEVARD NEWTOWN SQUARE, PA 19073	X		Pres.,CEO& Bd. Trustees Chrmn.

Signatures

/s/ Theresa Miller, attorney-in-fact for Gary M. Holloway, Sr.		11/04/2004
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	In connection with the closing of the initial public offering of GMH Communities Trust, these 1000 common shares, which were originally issued as founder's shares upon formation of the entity, were canceled.
(2)	Pursuant to Section 8.04 of the Second Amended and Restated Agreement of Limited Partnership of GMH Communities, LP, units of the operating partnership held by Mr. Holloway may be redeemed, subject to certain conditions, for common shares of GMH Communities Trust on a one-for-one basis, subject to adjustments for stock splits, dividends, recapitalizations and similar events, or for a cash amount equal to the value of common shares for which the units would otherwise be redeemed.
(3)	The units are held through multiple entities affiliated with Mr. Holloway, each of which is 100% owned by Mr. Holloway.
(4)	The units were acquired in connection with the contribution of various assets owned by Mr. Holloway to GMH Communities, LP, the operating partnership of GMH Communities Trust.
(5)	The units were acquired in connection with the contribution of various assets owned by entities affiliated with Mr. Holloway to GMH Communities, LP.

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