EXHIBIT 99.1
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AT THE TRUST
Robert G. Higgins
Primary Trustee                        L.G. Schafran
312-424-3999                           Secondary Trustee
RGH_BANYAN@msn.com                     ir@banyanreit.com



FOR IMMEDIATE RELEASE
THURSDAY, APRIL 3, 2003


             BSRT LIQUIDATING TRUST TO ATTEMPT TO RESOLVE
                    LEVINE LITIGATION BY MEDIATION


CHICAGO, Illinois - April 3, 2003 - BSRT Liquidating Trust, the successor
to Banyan Strategic Realty Trust (OTCBB: BSRTZ.OB), announced today that it
has reached an agreement, through the respective attorneys, with Leonard G.
Levine to suspend activity in the litigation between them, pending the
parties' attempt to resolve and settle all issues in the litigation through
non-binding mediation in the latter part of May 2003.

BSRT succeeded to the interest of Banyan Strategic Realty Trust when Banyan
liquidated in January of 2003.  Banyan and Levine have been involved in
contentious litigation since October of 2001.

The contemplated mediation is not binding on either party and neither party
is required to abide by the result.  Nonetheless, mediation has been
generally recognized as an effective tool in dispute resolution.  No
assurance can be given, however, that this matter will be resolved through
the contemplated mediation.

The mediation will be conducted by JAMS in Chicago, Illinois, during the
month of May.  In the meantime, all activity in the ongoing litigation has
been suspended.  If the mediation fails to accomplish a resolution, revised
discovery deadlines will be imposed and the parties will be restored to
their pre-mediation positions in the litigation.  No trial date has been
established in the case.

BSRT Liquidating Trust is a trust formed under the laws of the State of
Illinois.  On January 3, 2003, BSRT acquired by assignment, all of the
assets and assumed all of the liabilities of Banyan Strategic Realty Trust,
which liquidated and terminated on that date.  BSRT continues to manage
those assets and to discharge those liabilities and, following the
conclusion of the Levine litigation, intends to ultimately distribute all
remaining cash (after the payment of all liabilities and the taking of all
proper reserves) to its beneficiaries, who are the former shareholders of
Banyan Strategic Realty Trust.

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 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
reports filed with the Securities and Exchange Commission by Banyan
Strategic Realty Trust, including the report on Form 10-K for the year
ended December 31, 2002 which was filed with the Securities and Exchange
Commission on February 7, 2003.  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.