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):  August 13, 2002




                     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)



2625 Butterfield Road, Suite 101 N
Oak Brook, Illinois                                         60523
(Address of principal executive offices)                  (Zip Code)


Registrant's telephone number, including area code      (630)218-7250



This document consists of 3 pages.

Exhibit index is located on page 2.
















                                 - 1 -





ITEM 5.   OTHER INFORMATION

     On August 13, 2002, the Trust issued a Press Release a copy of which
is attached hereto as exhibit (99.18) 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 (99.18)        Press Release dated August 13, 2002

















































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                              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: August 19, 2002             BANYAN STRATEGIC REALTY TRUST
                                  (Registrant)




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
















































                                 - 3 -

EX-99.18

EXHIBIT 99.18
- -------------




AT THE TRUST
Robert G. Higgins                      Investor Relations
First 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, AUGUST 13, 2002




                 BANYAN STRATEGIC REALTY TRUST REPORTS
                      SECOND QUARTER 2002 RESULTS


CHICAGO - AUGUST 13, 2002 -- BANYAN STRATEGIC REALTY TRUST (OTCBB: BSRTS)
announced today that for the quarter ended June 30, 2002, its Net Assets in
Liquidation decreased by approximately $8.1 million, from approximately
$12.1 million at March 31, 2002, to approximately $4.0 million at June 30,
2002.  The decrease was primarily due to distributions that were paid and
payable to shareholders during the quarter in the amount of approximately
$7.7 million and an operating loss of approximately $0.7 million.  This
amount was partially offset by net gain on the disposition of investment in
real estate held for sale of approximately $0.2 million and approximately
$0.1 million of interest income on cash and cash equivalents.

For the three months ended June 30, 2001, the Trust reported that Net
Assets in Liquidation decreased by approximately $47.3 million, from
approximately $65.4 million at March 31, 2001, to approximately $18.1
million at June 30, 2001.  This decrease was primarily due to the Trust's
initial liquidating distribution to shareholders of $4.75 per share, or
$73.6 million, offset by the gain of approximately $25.8 million (net of
minority interest of $6.4 million) from the sale of 27 of its 30 properties
on May 17, 2001.  Also offsetting the reduction in net assets in
liquidation were operating income in the amount of approximately $1.0
million, and interest on cash and cash equivalents and employee notes of
approximately $0.5 million, reduced by depreciation expense of
approximately $1.0 million.  These results are not comparable to the
results for the quarter ended June 30, 2002.

For the six months ended June 30, 2002 the Trust's Net Assets in
Liquidation decreased by approximately $8.4 million, from approximately
$12.4 million at December 31, 2001, to approximately $4.0 million at June
30, 2002.  The decrease was due primarily to distributions that were paid
and payable to shareholders during the six months in the amount of
approximately $7.7 million, an operating loss of approximately $1.0 million
and minority interest of approximately $0.1 million offset by net gain on
the disposition of investment in real estate held for sale of approximately
$0.2 million and approximately $0.2 million of interest income on cash and
cash equivalents.









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BANYAN STRATEGIC REALTY TRUST
ADD 1



For the six months ended June 30, 2001, the Trust reported that Net Assets
in Liquidation decreased by approximately $46.1 million, from approximately
$64.2 million at December 31, 2000, to approximately $18.1 million at
June 30, 2001.  This decrease was primarily due to total distributions paid
to shareholders of $74.2 million including the Trust's initial liquidating
distribution, described above, offset by the gain of approximately $25.8
million (net of minority interest of $6.4 million) from the sale of 27 of
its 30 properties on May 17, 2001.  Also offsetting the reduction in net
assets in liquidation were operating income in the amount of approximately
$3.5 million, recovery of losses on loans, notes and interest receivable of
approximately $0.9 million and interest on cash and cash equivalents of
approximately $0.5 million, reduced by depreciation expense of
approximately $2.6 million.  These results are not comparable to the
results for the six months ended June 30, 2002.


STATUS OF REAL ESTATE ASSET SALES
- ---------------------------------

On May 2, 2002, the Trust announced that it had signed a contract to sell
its Tucker (Atlanta), Georgia property, known as Northlake Tower Festival
Mall, for a gross purchase price of $20.5 million.  If the transaction
closes at the contract price, the Trust expects to realize net proceeds of
approximately $3.35 million, or approximately $0.215 per share, after
crediting the Purchaser the amount of the existing Northlake debt
(approximately $16.8 million) and paying related closing costs and
prorations (expected to be approximately $0.35 million).  The sale
transaction is currently scheduled to close on September 17, 2002, but
remains subject to the buyer's ability to assume the existing debt on the
property.


Nasdaq DELISTING
- ----------------

As previously announced on July 11, 2002, representatives of the Nasdaq
Listing Qualifications Panel notified the Trust that Banyan's June 20, 2002
appeal of a determination to delist Banyan's shares of beneficial interest
had been denied.  Accordingly, the Trust consented to a delisting of its
shares as of the opening of the market on July 12, 2002.  Also previously
announced, Banyan was first notified on February 15, 2002, that it would be
subject to delisting if the closing price of its shares did not exceed the
$1.00 minimum bid price for ten consecutive trading days during the 90-day
period ending on May 15, 2002. In May, Nasdaq notified Banyan of the
imminent delisting, which Banyan appealed.

Banyan shares may now be quoted on the Over the Counter Bulletin Board
("OTCBB"), but there can be no assurance that a market will continue to
exist for the shares.  Investors do not have direct access to the OTCBB and
must contact a broker/dealer to trade OTCBB securities.  Further
information about the OTCBB is available at www.otcbb.com.

Banyan Strategic Realty Trust is an equity Real Estate Investment Trust
(REIT) that adopted a Plan of Termination and Liquidation on January 5,
2001.  On May 17, 2001, the Trust sold approximately 85% of its portfolio
in a single transaction.  Additional properties were sold on April 1, 2002
and May 1, 2002.  Banyan now owns a leasehold interest in one (1) real
estate property located in Atlanta, Georgia, representing approximately 9%
of its original portfolio. Since adopting the Plan of Termination and
Liquidation, Banyan has made liquidating distributions totaling $5.45 per
share.  As of this date, the Trust has 15,496,806 shares of beneficial
interest outstanding.



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BANYAN STRATEGIC REALTY TRUST
ADD 1




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 property, the amount of the 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, 2001 which was filed with the Securities and
Exchange Commission on March 21, 2002.  Please also see the "Management's
Discussion and Analysis of Financial Condition and Results of Operations"
section that was included in our Form 10-Q for the quarter ended June 30,
2002 which was filed with the Securities and Exchange Commission on
August 9, 2002. 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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