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                           Before the
                Federal Communications Commission
                     Washington, D.C. 20554

In the Matter of                )
Reit Management & Research LLC  )         File No.     EB-03-PA-
                                )                 EB-03-PA-131   
Philadelphia, Pennsylvania      )         
                                )         NOV No. V20033240002
Attention: John McCaffrey       )

                       NOTICE OF VIOLATION

                                             Released:  August 
19, 2003 

By the District Director, Philadelphia Office, Enforcement 

  1.      This  is  a  Notice  of  Violation  ("Notice")   issued 
     pursuant to Section 1.89 of the Commission's Rules,1 to Reit 
     Management & Research LLC (``Reit'').

  2.      On  July  22,  2003,  an  agent  of  the   Commission's 
     Philadelphia Office inspected radio  station WAD466 and  the 
     roof-top antenna structure  located at  1500 Market  Street, 
     Philadelphia,  Pennsylvania  and   observed  the   following 

  2.a.      47 C.F.R.   1.948(a): ``Except  as provided  in 
            this  section, authorizations  in  the  Wireless 
            Radio Service  may be assigned  by the  licensee 
            to another party, voluntarily or  involuntarily, 
            directly  or indirectly,  or  the control  of  a 
            licensee  holding  such  authorizations  may  be 
            transferred   only  upon   application   to   an 
            approval by  the Commission.''   Reit failed  to 
            file  an  application  with  the  Commission  to 
            assign  the  license  for  station  WAD466  from 
            Centre Square  Management to  Reit Management  & 
            Research LLC.   Reit had  acquired ownership  of 
            the radio  station equipment from Centre  Square 
            Management in October 2002.    

  2.b.      47 C.F.R.   17.4(a): ``Effective July 1,  1996, 
            the owner  of any proposed  or existing  antenna 
            structure  that  requires  notice  of   proposed 
            construction    to    the    Federal    Aviation 
            Administration must register the structure  with 
            the Commission.  This includes those  structures 
            used  as  part  of  stations  licensed  by   the 
            Commission   for  the   transmission  of   radio 
            energy,  or  to  be used  as  part  of  a  cable 
            television head  end system''.   Reit failed  to 
            register   with  the   Commission  the   antenna 
            structure, which is located on the roof of  1500 
            Market Street, Philadelphia, Pennsylvania.  
  3.      Pursuant to Section 308(b) of the Communications Act of 
     1934, as  amended,2 and  Section  1.89 of  the  Commission's 
     Rules, Reit Management & Research LLC, must submit a written 
     statement concerning this matter  within 20 days of  release 
     of this  Notice.   The  response  must  fully  explain  each 
     violation, must contain a statement of the specific  actions 
     taken to correct each violation and preclude recurrence, and 
     should  include  a  time  line  for  completion  of  pending 
     corrective actions.  The response must be complete in itself 
     and signed by a  principal or officer  of the licensee  with 
     personal  knowledge  of   the  matter.    All  replies   and 
     documentation sent  in response  to  this Notice  should  be 
     marked with the File  No. and NOV  No. specified above,  and 
     mailed to the following address:

                 Federal Communications Commission
                 Philadelphia Office 
                 One Oxford Valley Building, Suite 404
                 2300 East Lincoln Highway
                 Langhorne, Pennsylvania 19047

  4.      This Notice shall be sent to Reit Management & Research 
     LLC,  Property  Management  Division,  Building   Management 
     Office, Centre Square, 1500 Market Street, Lower  Mezzanine, 
     Philadelphia, Pennsylvania 19102.  

  5.      The Privacy Act  of 19743 requires  that we advise  you 
     that  the  Commission   will  use   all  relevant   material 
     information before it,  including any information  disclosed 
     in your reply, to determine what, if any, enforcement action 
     is required to ensure compliance.  Any false statement  made 
     knowingly  and  willfully  in   reply  to  this  Notice   is 
     punishable by fine  or imprisonment  under Title  18 of  the 
     U.S. Code.4

                                FEDERAL COMMUNICATIONS 

                                John E. Rahtes
                                District Director
                                Philadelphia Office


1 47 C.F.R.  1.89.

2 47 U.S.C.  308(b).

3 P.L. 93-579, 5 U.S.C.  552a(e)(3).

4 18 U.S.C.  1001 et seq.