KPMG LLP Letter Regarding Change in Principal Accountants for Plymouth Opportunity REIT, Inc.
KPMG LLP, the former principal accountants for Plymouth Opportunity REIT, Inc. and its subsidiaries, confirms that it has reviewed the company's statements in a recent SEC filing about its dismissal on April 22, 2013. KPMG agrees with the company's statements, except for certain details about the audit committee's actions and the engagement of a new accounting firm, Braver PC, for which KPMG expresses no opinion. This letter serves as KPMG's formal response to the SEC regarding the change in the company's independent auditors.
Exhibit 1.1
April 25, 2013
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Plymouth Opportunity REIT, Inc. and subsidiaries (the Company) and under the date of April 15, 2013, we reported on the consolidated financial statements of the Company as of December 31, 2012 and 2011, and the related consolidated income statements, statements of equity and cash flows for the year ended December 31, 2012 and the period from March 7, 2011 (inception) through December 31, 2011. On April 22, 2013 we were dismissed. We have read the Company’s statements included under Item 4.01 of its Form 8-K dated April 25, 2013, and we agree with such statements, except that we are not in a position to agree or disagree with the Company’s statements that: (1) the change was approved by the audit committee of the board of directors, (2) the audit committee sought and received proposals from three other independent public accounting firms, (3) the Company has engaged Braver PC, or (4) Braver PC was not consulted regarding any matters described in Item 304(a)(2)(i) or (ii) of Regulation S-K.
Very truly yours,
/KPMG LLP
