EXHIBIT 99.3
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AT THE TRUST
Robert G. Higgins                          Investor Relations
Vice President, General Counsel            L.G. Schafran - Chairman and
                                           Interim CEO/President
312-683-5539                               312 683-5525
bhiggins@banyanreit.com                    ir@banyanreit.com



FOR IMMEDIATE RELEASE -



                SUSPENDED BANYAN PRESIDENT PETITIONS COURT FOR
            SHAREHOLDER CONSENT; MONETARY DAMAGES AND OTHER RELIEF

CHICAGO - JANUARY 24, 2001 --  Banyan Strategic Realty Trust (Nasdaq:
BSRTS) announced today that it has become aware of two actions involving
the Trust filed by its president Leonard G. Levine, who was placed on
suspension on August 14, 2000.  Mr. Levine, through a wholly owned
corporation, The Oak Realty Group, Inc., attempted to acquire the Trust in
2000.

In the first action, styled LEONARD G. LEVINE, NOT INDIVIDUALLY, BUT ON
BEHALF OF BANYAN STRATEGIC REALTY TRUST V. DANIEL LEVINSON, STEPHEN PECK
AND L.G. SCHAFRAN, Circuit Court of Cook County, Illinois 01 CH 1040,
Levine, suing derivatively on behalf of the Trust's shareholders, seeks to
enjoin the pending sale of substantially all of the Trust's assets to
Denholtz Management Corporation until the Trust obtains approval of the
transaction from a majority of the Trust's shareholders.  The Trust
previously announced adoption of a Plan of Liquidation and the execution of
the contract of sale on January 8, 2001.  The sale is scheduled to close on
April 30, 2001, subject to the buyer's right to terminate for due diligence
reasons on or before March 30, 2001.

L.G. Schafran, the Trust's chairman and interim president, stated:  "Prior
to executing the contract of sale, the Trust reviewed with Massachusetts
counsel the issue of shareholder consent.  The Trust and its Trustees
received written advice from its counsel that shareholder consent is not
required or necessary for this transaction, thereby avoiding unnecessary
expense and correspondingly increasing the ultimate distribution to the
Trust's shareholders.  Accordingly, we are confident that Mr. Levine's
attempt to sabotage the transaction will be quickly thwarted."

Mr. Levine has also filed an action in the Circuit Court of Cook County
against trustees Daniel Levinson, Stephen Peck and L.G. Schafran as well as
two of the Trust's largest shareholders Morgens, Waterfall, Vintiadis &
Company, Inc. and Magten Asset Management Corporation.  This action, styled
LEVINE V. LEVINSON, et al., Circuit Court of Cook County, Illinois 01 L 735
seeks unspecified compensatory and punitive damages for a variety of
business related torts which Mr. Levine alleges the defendants have
committed.

Commenting on the tort action, Mr. Schafran stated:  "Three months ago, the
Trust brought an action against Mr. Levine seeking a judicial determination
that the Trust has and had just cause to terminate Mr. Levine's employment
on August 14, 2000 when he was placed on suspension for various breaches of
his fiduciary duties.  We view these new claims by Levine as nothing more
than an attempt by him to obtain leverage to advance his interest in
settling the original claim.  Our future actions will not be limited to an
attempt to hold Mr. Levine personally responsible for the Trust's
additional expenses in connection with the impact of these actions."






Banyan Strategic Realty Trust is an equity Real Estate Investment Trust
(REIT) that owns primarily office and flex/industrial properties.  The
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 14,282,640 shares of beneficial
interest outstanding.


Except for the historical information contained herein, certain matters
discussed in this release are forward-looking statements, the achievement
of which involve risks and uncertainties such as the closing of the
Denholtz transaction and other risks and uncertainties that are detailed
from time to time in our reports filed with the Securities and Exchange
Commission, including the report on Form 10-K for the year ended December
31, 1999 and in the "Management's Discussion and Analysis of Financial
Condition and Results of Operations" section which was included in our Form
10-Q for the quarter ended September 30, 2000 which was filed with the
Securities and Exchange Commission on November 14, 2000.  Without
limitation the foregoing, words such as "anticipates", "expects",
"intends", "plans", and similar expressions are intended to identify
forward-looking statements.


              See Banyan's Website at http://www.banyanreit.com.



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




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