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



AT THE TRUST
Robert G. Higgins                      Investor Relations
Vice President, General Counsel        L.G. Schafran - Chairman and
630-218-7255                           Interim CEO/President
bhiggins@banyanreit.com                630-218-7250
                                       ir@banyanreit.com




FOR IMMEDIATE RELEASE
TUESDAY, DECEMBER 4, 2001




    BANYAN STRATEGIC REALTY TRUST OBTAINS $1 MILLION EARNEST MONEY
          FORFEITURE FOR FAILED UNIVERSITY SQUARE TRANSACTION


OAK BROOK, ILLINOIS - DECEMBER 4, 2001 - BANYAN STRATEGIC REALTY TRUST
(Nasdaq:  BSRTS) announced today that it has received the $1 million
earnest money deposit previously held in escrow to secure the performance
by Denholtz Management Corp. of its obligations to purchase Banyan's
University Square Business Center property in Huntsville, Alabama.

The closing of the University Square property, originally scheduled for
May 2001, was deferred by agreement of the parties to December 19, 2001,
because of a prepayment prohibition relating to the mortgage on the
property.  On December 3, 2001, Denholtz notified Banyan in writing that
Denholtz no longer intended to acquire University Square as required under
the contract.  The parties then mutually directed the earnest money to be
paid to Banyan.

Banyan will immediately make a required principal payment of $500,000 on
the industrial revenue bonds that finance Banyan's Riverport project in
Louisville, Kentucky.  This payment is contractually required as a
condition of the extension of Banyan's letter of credit last October. The
remaining $500,000 will be used for general corporate purposes.

In addition to University Square, Banyan owns interests in two other
properties: Northlake Tower Festival Mall in Atlanta, Georgia and 6901
Riverport Drive in Louisville, Kentucky.  Neither the Northlake property
nor the Riverport property were subject to the same contractual obligation
as University Square, but either could have been "put" to Denholtz prior to
January 9, 2002.  The forfeiture of the University Square earnest money
extinguishes Banyan's right to "put" these other properties to Denholtz.

L.G. Schafran, Chairman, Interim President and CEO of Banyan, stated: "We
are, of course, disappointed that Denholtz failed to complete the purchase
of University Square.  We will immediately commence a marketing program in
an effort to sell this asset at a favorable price.  Our other properties
are already being marketed for sale and lease.  We will continue to make
periodic liquidating distributions to our shareholders as conditions
permit."










                               --more--





BANYAN STRATEGIC REALTY TRUST
ADD 1



Banyan also cautioned that in light of the forfeiture by Denholtz, there
can be no assurance that Banyan will be able to achieve sales prices for
its properties sufficient to allow it to make the aggregate liquidating
distributions in amounts previously anticipated.  Banyan expects that the
amounts and timing of subsequent liquidating distributions will primarily
depend upon the sale prices achieved for the Trust's remaining three
properties and the outcome of the pending litigation between Banyan and its
suspended president, Leonard G. Levine.

Since adopting its Plan of Termination and Liquidation on January 5, 2001,
Banyan has distributed $4.95 in liquidating distributions to its
shareholders.

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, the Trust sold approximately 85% of its
portfolio in a single transaction and now owns interests in three real
estate properties located in Atlanta, Georgia; Huntsville, Alabama; and
Louisville, Kentucky.  As of this date the Trust has 15,496,806 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 sale of the Trust's
remaining properties, the amount of remaining liquidating distributions,
the outcome of pending litigation and other risks and uncertainties that
are detailed from time to time in the Trust's reports filed with the
Securities and Exchange Commission, including the report on Form 10-K for
the year ended December 31, 2000 and in the "Management's Discussion and
Analysis of Financial Condition and Results of Operations" section which
was included in the Trust's Form 10-Q for the quarter ended September 30,
2001 which was filed with the Securities and Exchange Commission on
November 14, 2001.  Without limitation of the foregoing, words such as
"anticipates", "expects", "intends", "plans", and similar expressions are
intended to identify forward-looking statements.



                   For more information please go to
            Banyan's website at http://www.banyanreit.com.























                                 -30-