UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): ~~March~~June 148, 2011

Global Gate Property Corp.

(Exact name of registrant as specified in its charter)

Nevada	000-52330	20-3305472
(State or other jurisdiction	(Commission	IRS Employer
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	IRS Employer Identification No.)
of incorporation or organization)	File Number)	Identification No.)

400 Park Avenue, Suite 1440

New York, New York 10022

(Address of principal executive offices)

Registrant’s telephone number, including area code: (~~303~~860) ~~660~~604-~~6964~~5892

2519 East Kentucky Ave.

Denver, Colorado 80209

(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:

¨o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ 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~~o ~~4.02~~Soliciting ~~Non-Reliance~~material onpursuant ~~Previously~~to ~~Issued~~Rule ~~Financial~~14a-12 ~~Statements~~under orthe ~~Related~~Exchange ~~Audit~~Act ~~Report~~(17 orCFR ~~Completed Interim Review~~240.14a-12)

Ono ~~March~~Pre-commencement ~~14,~~communications ~~2011,~~pursuant ~~Global~~to ~~Gate~~Rule ~~Property Corp.’s~~ 14d-2( ~~the “Company”~~b) ~~management,~~under ~~after a discussion with~~ the ~~SEC~~Exchange ~~regarding~~Act ~~the~~(17 ~~Company’s~~CFR accounting treatment related to its noncontrolling interest in its 51% owned subsidiary’s earnings, determined that the accounting for its noncontrolling interest as it relates to its subsidiary was incorrect and not in accordance with the provisions of SFAS No240. ~~160, Noncontrolling Interest in Consolidated Financial Statements – an amendment of ARB No. 51, superseded by ASC 810~~14d-10-65 and recommended to the Board of Directors of the Company, that the Company’s audited financial statements for the fiscal year ended December 31, 2009, and its unaudited quarterly financial statements for the quarterly periods ended March 31, 2009, June 30, 2009, September 30, 2009, March 31, 2010, June 30, 2010 and September 30, 2010 should no longer be relied upon.2(b))

~~This~~o ~~change~~Pre-commencement incommunications ~~accounting~~pursuant ~~treatment~~to ~~resulted~~Rule ~~in a restatement of accumulated deficit, additional paid in capital and noncontrolling interest on the Company’s balance sheets, and noncontrolling interest and net income~~ 13e-4(~~loss~~c) ~~attributable~~under ~~to common stockholders on~~ the ~~Company’s~~Exchange ~~statements~~Act of(17 ~~operations~~CFR ~~for the periods prior to January 1, 2009~~240.13e-4(c))

~~The~~Item ~~Board~~8.01 ofOther ~~Directors of the Company agreed with the Company’s management and the Company restated its financial statements as follows:~~Events.

	As Previously
Balance Sheets:	Reported			Restatement			As Restated
December 31, 2008
Additional paid in capital	$	90,803		$	(41,900	)	$	48,903
Accumulated deficit		(205,355	)		(63,789	)		(269,144	)
Noncontrolling interest		(105,689	)		105,689			-
March 31, 2009
Additional paid in capital	$	15,803		$	(15,803	)	$	-
Accumulated deficit		(188,117	)		(89,886	)		(278,003	)
Noncontrolling interest		(122,705	)		105,689			(17,016	)
June 30, 2009
Additional paid in capital	$	15,803		$	(15,803	)	$	-
Accumulated deficit		(246,564	)		(89,886	)		(336,450	)
Noncontrolling interest		(170,089	)		105,689			(64,400	)
September 30, 2009
Additional paid in capital	$	9,691		$	(9,691	)	$	-
Accumulated deficit		(222,853	)		(95,998	)		(318,851	)
Noncontrolling interest		(142,250	)		105,689			(36,561	)

On June 8, 2011, Global Gate Property Corp. issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated by reference.

-Item 29.01 -Financial Statements and Exhibits.

	As Previously
Balance Sheets:	Reported			Restatement			As Restated
December 31, 2009
Additional paid in capital	$	9,691		$	(9,691	)	$	-
Accumulated deficit		(219,499	)		(95,998	)		(315,497	)
Noncontrolling interest		(133,596	)		105,689			(27,907	)
March 31, 2010
Additional paid in capital	$	9,691		$	(9,691	)	$	-
Accumulated deficit		(197,548	)		(95,998	)		(293,546	)
Noncontrolling interest		(103,117	)		105,689			2,572
June 30, 2010
Additional paid in capital	$	432,862		$	(9,691	)	$	423,171
Accumulated deficit		(240,801	)		(95,998	)		(336,799	)
Noncontrolling interest		(123,543	)		105,689			(17,854	)
September 30, 2010
Additional paid in capital	$	432,862		$	(9,691	)	$	423,171
Accumulated deficit		(407,568	)		(95,998	)		(503,566	)
Noncontrolling interest		(133,258	)		105,689			(27,569	)
Statements of Operations:
Three Months ended March 31, 2008
Net income	$	94,088		$	-		$	94,088
Less: Net (income) loss attributable to
noncontrolling interest		(55,312	)		55,312			-
Net income attributable to
common stockholders		38,776			55,312			94,088
Basic and diluted income per common share		0.00			0.01			0.01
Three Months ended June 30, 2008
Net loss	$	(20,232	)	$	-		$	(20,232	)
Less: Net (income) loss attributable to
noncontrolling interest		7,182			(7,182	)		-
Net loss attributable to
common stockholders		(13,050	)		(7,182	)		(20,232	)
Basic and diluted loss per common share		0.00			-			0.00

99.1 Press Release dated June 8, 2011.

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	As Previously
Statements of Operations:	Reported			Restatement			As Restated
Six Months ended June 30, 2008
Net income	$	73,856		$	-		$	73,856
Less: Net (income) loss attributable to
noncontrolling interest		(48,130	)		48,130			-
Net income attributable to
common stockholders		25,726			48,130			73,856
Basic and diluted income per common share		0.00			0.01			0.01
Three Months ended September 30, 2008
Net loss	$	(139,416	)	$	-		$	(139,416	)
Less: Net (income) loss attributable to
noncontrolling interest		62,171			(62,171	)		-
Net loss attributable to
common stockholders		(77,245	)		(62,171	)		(139,416	)
Basic and diluted loss per
common share		(0.01	)		(0.01	)		(0.02	)
Nine Months ended September 30, 2008
Net loss	$	(65,560	)	$	-		$	(65,560	)
Less: Net (income) loss attributable to
noncontrolling interest		14,041			(14,041	)		-
Net loss attributable to
common stockholders		(51,519	)		(14,041	)		(65,560	)
Basic and diluted loss per common share		(0.01	)		-			(0.01	)
Year ended December 31, 2008
Net income	$	61,217		$	-		$	61,217
Less: Net (income) loss attributable to
noncontrolling interest		(53,583	)		53,583			-
Net income attributable to
common stockholders		7,634			53,583			61,217
Basic and diluted income per
common share		0.00			0.01			0.01

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Concurrently with this filing, the Company is amending its annual report on Form 10-K for the year ended December 31, 2009 and its quarterly reports on Form 10-Q for the quarterly periods ended March 31, 2009, June 30, 2009, September 30, 2009, March 31, 2010, June 30, 2010 and September 30, 2010.

The Company’s management and Board of Directors reached their conclusions in consultation and with the concurrence of the Company’s independent registered public accounting firm, Davis, Graber, Plotzker & Ward, LLP.

SIGNATURE

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 hereunto duly authorized.

Dated: March 28, 2011

	GLOBAL GATE PROPERTY CORP.

Dated: June 13, 2011	By:	/s/ Gary S. Ohlbaum
		Gary S. Ohlbaum
		President, Chief Executive Officer and Chief
		Financial Officer

GLOBAL GATE PROPERTY CORP. By: /s/ Gary S. Ohlbaum Gary S. Ohlbaum President, Chief Executive Officer and Chief Financial Officer

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