SECURITIES & EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ----------------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
                              PURSUANT TO 13d-2(b)*
                                 Amendment No. 1

                              GMH Communities Trust
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    36188G102
                                 (CUSIP Number)

                                December 31, 2004
             (Date of event which requires filing of this statement)


     Check the appropriate box to designate the rule pursuant to which 
this Schedule 13G is filed:
     [ ]  Rule 13d-1(b)
     [X]  Rule 13d-1(c) 
     [ ]  Rule 13d-1(d)





                           (Page 1 of 12 Pages)
----------------
     *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 ("Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).





CUSIP No.36188G102                 13G                    Page 2 of 12 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS 
            I.R.S. IDENTIFICATION NO. 
            OF ABOVE PERSONS (ENTITIES ONLY)

                   Hunter Global Associates L.L.C.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION 
                            Delaware
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                            -0-
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                                            -0-
OWNED BY       ___________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                                            -0-
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                            -0-
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED 
            BY EACH REPORTING PERSON
                                            -0-
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED 
            BY AMOUNT IN ROW (9)
                                            0%
-----------------------------------------------------------------------------
     (12)  TYPE OF REPORTING PERSON ** 
                                            OO
-----------------------------------------------------------------------------
                    ** SEE INSTRUCTIONS BEFORE FILLING OUT!






CUSIP No.36188G102                 13G                    Page 3 of 12 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS 
            I.R.S. IDENTIFICATION NO. 
            OF ABOVE PERSONS (ENTITIES ONLY)

                   Hunter Global Investors L.P.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION 
                           Delaware
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                            -0-
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                                            -0-
OWNED BY       ___________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                                            -0-
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                            -0-
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED 
            BY EACH REPORTING PERSON
                                            -0-
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED 
            BY AMOUNT IN ROW (9)
                                            0%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON ** 
                                            IA
-----------------------------------------------------------------------------
                    ** SEE INSTRUCTIONS BEFORE FILLING OUT!






CUSIP No.36188G102                 13G                    Page 4 of 12 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS 
            I.R.S. IDENTIFICATION NO. 
            OF ABOVE PERSONS (ENTITIES ONLY)

                         Duke Buchan III
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            United States
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                            -0-
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                                            -0-
OWNED BY       ___________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                                            -0-
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                            -0-
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED 
            BY EACH REPORTING PERSON
                                            -0-
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED 
            BY AMOUNT IN ROW (9)
                                            0%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON ** 
                                            IN
-----------------------------------------------------------------------------
                    ** SEE INSTRUCTIONS BEFORE FILLING OUT!







CUSIP No.36188G102                 13G                    Page 5 of 12 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS 
            I.R.S. IDENTIFICATION NO. 
            OF ABOVE PERSONS (ENTITIES ONLY)

                   Hunter Global Investors Fund I L.P.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            Delaware
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                            -0-
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                                            -0-
OWNED BY       ___________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                                            -0-
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                            -0-
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED 
            BY EACH REPORTING PERSON
                                            -0-
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                            0%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON ** 
                                            PN
-----------------------------------------------------------------------------
                    ** SEE INSTRUCTIONS BEFORE FILLING OUT!








CUSIP No.36188G102                 13G                   Page 6 of 12 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS 
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)

                       Hunter Global Investors Fund II L.P.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                             Delaware
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                            -0-
SHARES         ______________________________________________________________

BENEFICIALLY   (6)  SHARED VOTING POWER
                                            -0-
OWNED BY       ___________________________________________________________

EACH           (7)  SOLE DISPOSITIVE POWER
                                            -0-
REPORTING      ______________________________________________________________

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                            -0-
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED 
            BY EACH REPORTING PERSON
                                            -0-
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                            0%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON ** 
                                            PN
-----------------------------------------------------------------------------
                    ** SEE INSTRUCTIONS BEFORE FILLING OUT!








CUSIP No.36188G102                 13G                   Page 7 of 12 Pages


Item 1(a).  Name of Issuer:

            The name of the issuer is GMH Communities Trust (the "Company").

Item 1(b).  Address of Issuer's Principal Executive Offices:

            The Company's principal executive offices are located at 10
Campus Boulevard, Newtown Square, PA 19073.

Item 2(a).  Name of Person Filing:

            This statement is filed by:
                    (i)  Hunter Global Associates L.L.C., a Delaware
                         limited liability company ("Associates") (OO)
                         that is the general partner of Hunter Global
                         Investors Fund I L.P. ("Fund I") and Hunter
                         Global Investors Fund II L.P. ("Fund II"), with
                         respect to the shares of Common Stock (defined
                         in Item 2(d) below) beneficially owned by Fund
                         I and Fund II, collectively.
                   (ii)  Hunter Global Investors L.P., a Delaware
                         limited partnership ("Investors") (IA) that is
                         the investment manager of Fund I, Fund II, HG
                         Holdings Ltd., a Cayman Islands exempted
                         company ("HG I"), and HG Holdings II Ltd., a
                         Cayman Islands exempted company ("HG II"), with
                         respect to the shares of Common Stock
                         beneficially owned by Fund I, Fund II, HG I and
                         HG II, collectively.
                  (iii)  Duke Buchan III ("Mr. Buchan") (IN), who is the
                         managing member of Associates and who controls
                         Investors through its general partner, with
                         respect to the shares of Common Stock
                         beneficially owned by Fund I, Fund II, HG I and
                         HG II, collectively.
                   (iv)  Fund I, a Delaware limited partnership (PN),
                         with respect to the shares of Common Stock
                         beneficially owned by it.
                    (v)  Fund II, a Delaware limited partnership (PN),
                         with respect to the shares of Common Stock
                         beneficially owned by it.

                   The foregoing persons are hereinafter collectively
            referred to as the "Reporting Persons". Any disclosures herein
            with respect to persons other than the Reporting Persons are
            made on information and belief after making inquiry to the
            appropriate person.

Item 2(b).  Address of Principal Business Office or, if none, Residence:

         The address of the business office of each of the Reporting Persons is
485 Madison Avenue, 22nd Floor, New York, New York 10022.








CUSIP No.36188G102                 13G                   Page 8 of 12 Pages

Item 2(c).  Citizenship:

         Fund I, Fund II and Investors are each limited partnerships organized
under the laws of the State of Delaware. Associates is a limited liability
company organized under the laws of the State of Delaware. Mr. Buchan is a
United States citizen.

Item 2(d).  Title of Class of Securities:

         Common Stock (the "Common Stock")

Item 2(e).  CUSIP Number:

         36188G102

Item 3.  If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:  NOT APPLICABLE

          (a) [ ] Broker or dealer registered under Section 15 of the 
                  Act,
          (b) [ ] Bank as defined in Section 3(a)(6) of the Act, 
          (c) [ ] Insurance Company as defined in Section 3(a)(19) of
                  the Act,
          (d) [ ] Investment Company registered under Section 8 of the
                  Investment Company Act of 1940,
          (e) [ ] Investment Adviser in accordance with Rule 
                  13d-1 (b)(1)(ii)(E),
          (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
                  13d-1 (b)(1)(ii)(F), 
          (g) [ ] Parent Holding Company or control person in accordance
                  with Rule 13d-1 (b)(1)(ii)(G),
          (h) [ ] Savings Association as defined in Section 3(b) of the
                  Federal Deposit Insurance Act,
          (i) [ ] Church Plan that is excluded from the definition of an
                  investment company under Section 3(c)(14) of the Investment
                  Company Act of 1940,
          (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4.  Ownership:

      A.  Hunter Global Associates L.L.C., as general partner of Hunter
          Global Investors Fund I L.P. and Hunter Global Investors Fund II L.P.
           (a) Amount beneficially owned: -0- 
           (b) Percent of class: 0%
           (c) (i) Sole power to vote or direct the vote: -0- 
              (ii) Shared power to vote or direct the vote: -0-
             (iii) Sole power to dispose or direct the disposition: -0- 
              (iv) Shared power to dispose or direct the disposition: -0-







CUSIP No.36188G102                 13G                   Page 9 of 12 Pages

       B.  Hunter Global Investors L.P., as investment manager of Hunter
           Global Investors Fund I L.P., Hunter Global Investors Fund II
           L.P., HG Holdings Ltd. and HG Holdings II Ltd.
            (a) Amount beneficially owned: -0- 
            (b) Percent of class: 0% 
            (c) (i) Sole power to vote or direct the vote: -0-
               (ii) Shared power to vote or direct the vote: -0- 
              (iii) Sole power to dispose or direct the disposition: -0-
               (iv) Shared power to dispose or direct the disposition: -0-

       C.  Duke Buchan III, as senior managing member of Hunter Global
           Associates L.L.C., and as the sole member of the general partner of
           Hunter Global Investors L.P.
            (a) Amount beneficially owned: -0- 
            (b) Percent of class: 0% 
            (c) (i) Sole power to vote or direct the vote: -0-
               (ii) Shared power to vote or direct the vote: -0- 
              (iii) Sole power to dispose or direct the disposition: -0- 
               (iv) Shared power to dispose or direct the disposition: -0-

       D.  Hunter Global Investors Fund I L.P. 
            (a) Amount beneficially owned: -0- 
            (b) Percent of class: 0%
            (c) (i) Sole power to vote or direct the vote: -0- 
               (ii) Shared power to vote or direct the vote: -0-
              (iii) Sole power to dispose or direct the disposition: -0- 
               (iv) Shared power to dispose or direct the disposition: -0-

       E.  Hunter Global Investors Fund II L.P. 
            (a) Amount beneficially owned: -0- 
            (b) Percent of class: 0% 
            (c) (i) Sole power to vote or direct the vote: -0-
               (ii) Shared power to vote or direct the vote: -0- 
              (iii) Sole power to dispose or direct the disposition: -0- 
               (iv) Shared power to dispose or direct the disposition: -0-







CUSIP No.36188G102                 13G                   Page 10 of 12 Pages

Item 5. Ownership of Five Percent or Less of a Class:

     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X].

Item 6.  Ownership of More than Five Percent on Behalf of Another Person:

     Not applicable.

     Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:

     Not applicable.

Item 8.  Identification and Classification of Members of the Group:

     The identity of each member of the group is set forth above under Item 2(a)
and Item 4.

Item 9.  Notice of Dissolution of Group:

     Not applicable.








CUSIP No.36188G102                 13G                   Page 11 of 12 Pages

Item 10.  Certification:

     Each of the Reporting Persons hereby makes the following certification:

          By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

                                   SIGNATURES

         After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.


DATED:  February 8, 2005         By: /s/ Duke Buchan III                      
                                     -----------------------------------------
                                     Duke Buchan III, individually and (a) as 
                                     Senior Managing Member of Hunter Global
                                     Associates L.L.C., for itself and as the 
                                     general partner of (i) Hunter Global
                                     Investors Fund I L.P. and (ii) Hunter 
                                     Global Investors Fund II L.P. and (b) as
                                     Managing Member of Hunter Global Capital
                                     Management L.L.C., as the general
                                     partner of Hunter Global Investors L.P.








CUSIP No.36188G102                  13G               Page 12 of 12 Pages

                                    EXHIBIT 1

                         JOINT ACQUISITION STATEMENT
                          PURSUANT TO RULE 13d-1(k)


     The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.



DATED:  February 8, 2005         By: /s/ Duke Buchan III                      
                                     -----------------------------------------
                                     Duke Buchan III, individually and (a) as 
                                     Senior Managing Member of Hunter Global
                                     Associates L.L.C., for itself and as the 
                                     general partner of (i) Hunter Global
                                     Investors Fund I L.P. and (ii) Hunter 
                                     Global Investors Fund II L.P. and (b) as
                                     Managing Member of Hunter Global Capital
                                     Management L.L.C., as the general
                                     partner of Hunter Global Investors L.P.