WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15 (d) OF THE

                       SECURITIES AND EXCHANGE ACT OF 1934

       Date of Report (Date of Earliest Event Reported): November 17, 2004

                      American Mortgage Acceptance Company
               (Exact Name of Registrant as Specified in Charter)

                 (State or other Jurisdiction of Incorporation)

                   0-23972                               13-6972380
                   --------                              ----------
          (Commission File Number)          (IRS Employer Identification Number)

                     625 Madison Avenue, New York, NY 10022
                    (Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (212) 317-5700

                                 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:

__ Written communications  pursuant to Rule 425 under the Securities Act (17 CFR
__ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
__ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
__ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Item 8.01.  Other Events

On November 9, 2004, American Mortgage Acceptance Company ("AMAC"), together
with two other co-lenders, provided a commitment (the "Commitment") to fund up
to $122 million to finance the proposed acquisition by Prime/Mansur Investment
Partners, LLC (the "Borrower") of all of the common shares and operating
partnership units of Prime Group Realty Trust and Prime Group Realty, L.P.
(collectively, "Prime") pursuant to a merger agreement entered into by Prime and
the Borrower and certain affiliates of the Borrower on October 27, 2004 (the
"Merger"). AMAC will be responsible for funding up to $74.5 million and the
co-lenders will be responsible for funding up to $47.5 million.

In connection with providing the Commitment, AMAC received a commitment fee of

Prime is a publicly traded real estate investment trust that invests in office
and industrial properties, predominately in the Metropolitan Chicago area.

There can be no assurance that the Commitment will be funded especially in light
of the fact that on November 10, 2004, Prime issued a press release stating that
the Merger terminated automatically in accordance with the terms of the merger
agreement because the Borrower did not obtain a financing commitment that
satisfied the requirements of the merger agreement. Prime went on to say that it
will continue its ongoing process of exploring a possible strategic transaction
involving Prime.


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                    American Mortgage Acceptance Company

                                    BY:    /s/ Stuart J. Boesky
                                           Stuart J. Boesky
                                           President & Chief Executive Officer
        November 17, 2004