EXHIBIT 99.19
-------------

AT THE TRUST
Robert G. Higgins                          Karen Dickelman
Vice President, General Counsel            Director, Investor Relations
312/683-5539                               312/683-3671
bhiggins@banyanreit.com                    ir@banyanreit.com


FOR IMMEDIATE RELEASE
MONDAY, AUGUST 14, 2000



                   BANYAN STRATEGIC REALTY TRUST APPOINTS
                   LARRY SCHAFRAN AS INTERIM PRESIDENT/CEO

CHICAGO, AUGUST 14, 2000 - Banyan Strategic Realty Trust (Nasdaq:BSRTS)
today announced that its Financial Advisory Committee of the Board of
Trustees has appointed independent trustee Larry Schafran as interim
president and chief executive officer.  Mr. Schafran replaces Leonard G.
Levine.

During the first quarter 2000 Banyan's Board of Trustees formed the
Financial Advisory Committee comprised entirely of the independent trustees
to evaluate strategic alternatives and engaged CFC Advisory Services, an
affiliate of Cohen Financial, a Chicago-based real estate investment
banking firm, to serve as its advisor.  In the process of exploring and
evaluating strategic alternatives designed to maximize shareholder value,
the committee and its advisor held preliminary discussion with Banyan's
President, Leonard G. Levine regarding a potential acquisition of the
Trust's assets by a group headed by Mr. Levine.  These discussions were
subsequently terminated when the Financial Advisory Committee concluded
that, in its, view, Mr. Levine engaged in conduct which constitutes a
breach of his duty of loyalty and a breach of his employment contract.  On
July 28, 2000, the committee announced that as part of its continuing
review, it authorized Cohen Financial to initiate a marketing effort
designed to solicit bids for the Trust's properties in whole, bulk sales or
individually.  There is no assurance that any transaction will materialize.

On August 14, 2000 Banyan exercised its rights under the employment
agreement with Mr. Levine, by suspending him and placing him on leave from
his position as president.  Banyan also initiated an arbitration proceeding
in which it contends that certain actions taken by Mr. Levine constitute
"just cause" for terminating his employment agreement.  Banyan is also
evaluating whether to file a lawsuit against Mr. Levine.  Pending a final
ruling by an arbitrator or a court, Banyan will comply with the employment
agreement including the compensation provisions.

To replace Mr. Levine, the Board of Trustees has appointed Larry Schafran,
an independent trustee, to the position of interim chief executive officer.

Mr. Schafran is an experienced real estate investor and executive.  Mr.
Schafran has had extensive experience with the sale and liquidation of
large sale real estate portfolios.  Mr. Schafran was largely responsible
for the sale of Penn Central's real estate assets in metropolitan New York
while associated with The Palmieri Company, Inc.  Mr. Schafran also serves
on the board of directors of three other public companies.  The board has
formed a committee to discuss and negotiate a compensation package for Mr.
Schafran.






Banyan Strategic Realty Trust is an equity Real Estate Investment Trust
(REIT) that owns primarily office and flex/industrial properties.  These
properties are located in certain major metropolitan areas of the Midwest
and Southeastern United States, including Atlanta, Georgia and Chicago,
Illinois and smaller markets such as Huntsville, Alabama, Louisville,
Kentucky, Memphis, Tennessee, and Orlando, Florida.  The Trust's current
portfolio consists of 27 properties totaling 3.5 million rentable square
feet.  As of this date, the Trust has 14,202,414 shares of beneficial
interest outstanding.



              SEE BANYAN'S WEBSITE AT http:www.banyanreit.com.

           For further information regarding Banyan free of charge
             of via fax, dial 1-800-PRO-INFO and enter "BSRTS".

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