Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): December 6, 2002

                               KOGER EQUITY, INC.
             (Exact name of registrant as specified in its charter)

                 (State or other jurisdiction of incorporation)

            1-9997                                  59-2898045
    (Commission File Number)                (IRS Employer Identification No.)

       433 Plaza Real, Suite 335
       Boca Raton, Florida                                  33432
(Address of principal executive offices)                   (Zip Code)

                                 (561) 395-9666
              (Registrant's telephone number, including area code)


          (Former name or former address, if changed since last report)


Item 2.    Acquisition or Disposition of Assets.

On December 6, 2002, Koger Equity, Inc. (the "Company") acquired The Lakes on
Post Oak (the "Property") in Houston, Texas for approximately $102 million. The
Property is comprised of three office buildings adjacent to the Galleria Mall,
which contain approximately 1.2 million square feet of rentable space. The funds
required for this acquisition were drawn from a $77 million mortgage secured by
the Property and from the Company's secured revolving credit facility. The
Property was acquired from 4849 Greenville I, Ltd. and West Oak/Nissei
Associates, unrelated third parties.

The Company considered various factors in determining the price to be paid for
this acquisition. Factors considered included the nature of the tenants and
terms of leases in place, opportunities for alternative and new tenancies,
historical and expected cash flows, occupancy rates, current operating costs on
the Property and anticipated changes therein under Company ownership, the
physical condition and location of the Property, the need for capital
improvements, the anticipated effect on the Company's financial results, and
other factors. The Company took into consideration capitalization rates at which
it believed other comparable properties had recently sold. However, the Company
determined the price it was willing to pay primarily on the factors discussed
above relating to the Property itself and its fit into the Company's existing
operations. No separate independent appraisal was obtained in connection with
this acquisition. The Company, after investigation, is not aware of any material
factors, other than those discussed above, that would cause the financial
information reported not to be necessarily indicative of future operating
results. The Company intends to lease office space in the Property to tenants as
it does the other office buildings contained in its portfolio. The Property will
be managed by a third party management company.


Item 7.    Financial Statements and Exhibits

Listed below are the financial statements, pro forma financial information and
exhibits, if any, filed as part of this report.

          (a)  Financial Statements of Real Estate Acquired.

               The Company has engaged an independent  accounting  firm to audit
               the Property's Statement of Revenues and Certain Expenses for the
               year ended December 31, 2001.  This Statement will be prepared in
               accordance with Rule 3-14 of Regulation S-X of the Securities and
               Exchange Commission.  Upon the completion of the audit and within
               75 days of the reportable event described above, the Company will
               file the audited Statement as an amendment to this Form 8-K.

          (b)  Pro Forma Financial Statements.

               The Company is currently developing unaudited pro forma financial
               statements including (i) the Company's pro forma balance sheet as
               of December 31, 2001, as if the acquisition  occurred on December
               31, 2001,  (ii) the Company's  pro forma  statement of operations
               for the year  ended  December  31,  2001,  as if the  acquisition
               occurred on January 1, 2001,  and (iii) a pro forma  statement of
               estimated taxable operating results and estimated cash to be made
               available  by  operations  of the  Company  for  the  year  ended
               December 31, 2001, as if the  acquisition  occurred on January 1,
               2001. Within 75 days of the reportable event described above, the
               Company  will  file  the pro  forma  financial  statements  as an
               amendment to this Form 8-K.



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

                                                        KOGER EQUITY, INC.

Dated: December 13, 2002                      By:       /s/ Thomas J. Crocker
                                                        Thomas J. Crocker
                                              Title:    Chief Executive Officer