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


FOR IMMEDIATE RELEASE
TUESDAY, JUNE 3, 2003



               MEDIATION BETWEEN BSRT LIQUIDATING TRUST
                AND LEONARD G. LEVINE IS UNSUCCESSFUL;
                        LITIGATION WILL RESUME


CHICAGO, ILLINOIS - JUNE 3, 2003 - BSRT Liquidating Trust, the successor to
Banyan Strategic Realty Trust (OTCBB:BSRTE), announced today that the day-
long mediation conducted on June 2, 2003 between BSRT and Leonard G. Levine
failed to accomplish a resolution of the parties' disputed issues.
Accordingly, the parties will resume the litigation pending between them.
The next court date is June 11, 2003, at which time the parties will appear
before Judge Richard A. Siebel for a status hearing.  BSRT expects that
Judge Siebel will reestablish discovery deadlines on that date.

The litigation with Banyan's suspended President, Leonard G. Levine,
involves allegations by BSRT that Banyan had and has just cause to
terminate Mr. Levine at the time of his suspension in August of 2000.
Banyan also seeks damages on theories alleging breaches of Mr. Levine's
fiduciary duties.  Mr. Levine has filed a counterclaim which seeks several
different components of compensation allegedly due him.  No trial date has
been set.

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
Trust's 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.


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