8-K

                      SECURITIES AND EXCHANGE COMMISSION

                            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):   March 16, 2001




                         BANYAN STRATEGIC REALTY TRUST
            ------------------------------------------------------
            (Exact name of Registrant as specified in its charter)




  Massachusetts                 0-15465                   36-3375345
(State of or other         (Commission File             (I.R.S. Employer
 jurisdiction of                Number)                 Identification
 incorporation)                                             Number)




150 South Wacker Drive, Suite 2900, Chicago, IL              60606
(Address of principal executive offices)                   (Zip Code)




Registrant's telephone number, including area code      (312)553-9800


This document consists of 3 pages.

Exhibit index is located on page 2.















                                     - 1 -





ITEM 5.  OTHER INFORMATION

      On March 16, 2001, the Trust issued a Press Release a copy of which
is attached hereto as Exhibit (99.6) and is incorporated herein by
reference.



ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

      (a)   Financial Statements.  Not applicable.

      (b)   Pro Forma Financial Information.  Not applicable.

      (c)   Exhibits

            EXHIBIT NUMBER        DESCRIPTION

            Exhibit (99.6)        Press Release dated March 16, 2001



















































                                     - 2 -





                                  SIGNATURES


      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.




Date:  March 19, 2001             BANYAN STRATEGIC REALTY TRUST
                                  (Registrant)




                                  By:      /s/ Joel L. Teglia
                                           ---------------------
                                           Joel L. Teglia
                                           Executive Vice President,
                                           Chief Financial and
                                           Accounting Officer
















































                                     - 3 -

EX-99.6

EXHIBIT 99.6
- ------------



AT THE TRUST

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



FOR IMMEDIATE RELEASE
FRIDAY, MARCH 16, 2001


          BANYAN WINS SHAREHOLDER CONSENT LAWSUIT BY SUMMARY JUDGMENT


CHICAGO - MARCH 16, 2001 -- Banyan Strategic Realty Trust (Nasdaq:  BSRTS)
announced today that summary judgment has been entered in Banyan's favor
against Banyan's suspended president Leonard G. Levine in a shareholder
derivative action filed by Levine on January 19, 2001.

In the lawsuit, Levine sought an injunction to prevent Banyan's trustees
from concluding the sale of substantially all of Banyan's assets to
Denholtz Management Corporation for $226 million, until such time as
Banyan's shareholders could approve the transaction.  The sale is scheduled
to close on April 30, 2001, subject to the right of the purchaser to
terminate on or before March 30, 2001 for due diligence reasons.  Banyan
contended that the trustees were specifically authorized by its Declaration
of Trust to sell the assets in accordance with a Plan of Liquidation
adopted by Banyan on January 5, 2001 and that such authority was absolute
and did not require shareholder consent or approval.

Noting in its Memorandum Opinion and Order that:  "Levine himself has
represented to the trustees on three occasions . . . that a sale of all of
the Trust's assets pursuant to a plan of liquidation does not require
shareholder approval," the Court ruled in favor of Banyan, stating:  "To
read the two clauses [relied upon by Levine] in Section 7.7 [of the
declaration] as requiring shareholder approval in liquidation situations
makes no sense because liquidation involves termination and winding up of
the business' affairs."

Upon learning of the January 19, 2001 filing of the lawsuit, the trustees'
attorneys, on January 29, 2001, removed the case from the jurisdiction of
the Circuit Court of Cook County, Illinois, and transferred the case to the
United States District Court for the Northern District of Illinois.  On
February 1, 2001, Banyan intervened in the case as an additional defendant.

Banyan and the trustees then filed a motion for summary judgment on
February 9, 2001 and asked the Court to impose an expedited briefing and
ruling schedule in view of the scheduled closing of the Denholtz
transaction.  Levine's attorneys filed a cross-motion for summary judgment
on February 20, 2001 and the entire matter was fully briefed and submitted
to Judge Ronald Guzman on March 2, 2001.  His ruling was issued on
March 14, 2001, and Banyan learned of his decision today.

Commenting upon the result, Robert G. Higgins, Banyan's General Counsel,
said:  "We are extremely pleased and gratified by the entry of summary
judgment in our favor.  The speed and efficiency with which this critical
case was handled is a tribute to a responsive judicial system and the
tireless work and legal expertise of our attorneys Schiff, Hardin & Waite
and the trustees' attorneys Goldberg, Kohn, Bell, Black, Rosenbloom &
Moritz, Ltd.  We are especially thankful to Judge Ronald Guzman who
realized from the outset the importance of both the timing and the issues
in this case and altered his customary schedule in order to act decisively
and quickly."





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 14,291,940 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, 2000, filed with the Securities and Exchange Commission on March 9,
2001.  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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