EXHIBIT 99.17
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AT THE TRUST
Robert G. Higgins                 Investor Relations
Vice President, General Counsel   L.G. Schafran - Chairman and
                                  Interim CEO/President
630-218-7255                      312-683-3671
bhiggins@banyanreit.com           ir@banyanreit.com


FOR IMMEDIATE RELEASE
TUESDAY, JUNE 26, 2001


                     BANYAN STRATEGIC REALTY TRUST
               RELOCATES OFFICES TO OAK BROOK, ILLINOIS


OAK BROOK, ILLINOIS -- JUNE 26, 2001. BANYAN STRATEGIC REALTY TRUST
(Nasdaq: BSRTS) announced today that it has relocated its corporate offices
to Oak Brook, Illinois. The new office address and phone numbers are:

                 2625 Butterfield Road, Suite 101 N
                 Oak Brook, Illinois 60523
                 630-218-7250
                 630-218-7251 (fax)
                 312-683-3671 (Investor Relations)

Interim President and CEO L. G. Schafran commented: "In keeping with our
strategy of liquidating the Company's portfolio and winding up its affairs,
we have relocated to smaller, less expensive space in suburban Chicago. We
believe we can better serve the interests of our shareholders from our new
location, while maintaining the level of responsiveness and commitment that
our industry has come to expect from us."

Banyan Strategic Realty Trust is an equity Real Estate Investment Trust
(REIT) which, on January 5, 2001, adopted a Plan of Termination and
Liquidation. On May 17, 2001, Banyan sold approximately 85% of its
portfolio in a single transaction and now owns three (3) real estate
properties located in Atlanta, Georgia; Huntsville, Alabama; and
Louisville, Kentucky. As of this date Banyan has 15,488,137 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 that are detailed from time to
time in Banyan's 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 and the
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" section included in Banyan's Form 10-Q for the quarter ended
March 31, 2001, which was filed with the Securities and Exchange Commission
on May 15, 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.

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