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
THURSDAY, JUNE 12, 2003



                        BSRT LIQUIDATING TRUST
                  SETTLES OUTSTANDING LITIGATION WITH
                      SUSPENDED PRESIDENT; PLANS
                 SEPTEMBER 30, 2003 FINAL DISTRIBUTION


CHICAGO, ILLINOIS - JUNE 12, 2003 - BSRT Liquidating Trust, the successor
to Banyan Strategic Realty Trust (OTCBB: BSRTE), announced today that it
has executed an agreement with Leonard G. Levine to settle all outstanding
claims made by each party against the other.  Under the terms of the
agreement, BSRT paid a total of $600,000 to Mr. Levine.

BSRT's predecessor, Banyan Strategic Realty Trust, suspended Mr. Levine
from the office of President and CEO on August 14, 2000.  Litigation
between the parties commenced in October of 2000 and has been pending since
that time.  No trial date had been set.

The parties agreed to attempt to resolve their dispute by a voluntary
mediation procedure on June 2, 2003.  At the conclusion of the mediation, a
settlement had not been reached, but the parties continued their
negotiations over the next several days.

The settlement agreement provides, among other things, that BSRT make an
immediate payment to Mr. Levine of $600,000, in exchange for a complete
release of all claims by Mr. Levine against the Trust, Banyan, and each of
their officers and trustees. In addition, the Trust and Banyan released all
claims against Mr. Levine.  The litigation will be dismissed with
prejudice.

Commenting upon the settlement, Robert G. Higgins, former general counsel
of Banyan and the Primary Trustee of BSRT Liquidating Trust, said:  "Based
upon our assessment of the risks naturally associated with litigation, the
potential cost, expected delay before trial, the possibility of appeal and
the uncertainty of the results, and upon the advice and recommendation of
counsel, we have agreed to settle this litigation and terminate the
liquidating trust.  We believe the immediacy and certainty of this result
is clearly better for our shareholders than any of the protracted
alternatives that we analyzed."

BSRT expects to terminate the liquidating trust on or about September 30,
2003.  Between now and then, the liquidating trust will settle all
outstanding payables, arrange to pay for all wind-up costs, arrange for
permanent storage of the trust documents, complete an audit, and submit a
final report to its holders of beneficial interest.  Based on preliminary
estimates, BSRT expects to distribute between $0.30 and $0.34 per share on
or about September 30, 2003.






                                -more-





BANYAN STRATEGIC REALTY TRUST
ADD 1



Larry Schafran, former CEO and current co-trustee, commenting upon the news
of the settlement, said:  "We are pleased to announce the completion of our
task as trustees.  In all, Banyan will have distributed between $5.75 and
$5.80 per share with respect to the liquidation of a $225 million
portfolio.  The liquidation will have been completed in about 2 1/2 years,
in the face of extraordinarily difficult market conditions.  We want to
express our gratitude for the support of our shareholders.  We believe the
results are exemplary and wish all of our shareholders well."

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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