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, September 18, 2003


                BSRT LIQUIDATING TRUST ANNOUNCES FINAL
                 DISTRIBUTION OF $0.3425 PER SHARE ON
                          SEPTEMBER 30, 2003

CHICAGO, ILLINOIS - SEPTEMBER 18, 2003 - BSRT LIQUIDATING TRUST (BSRTZ.PK),
the successor in interest to Banyan Strategic Realty Trust (OTCBB: BSRTE),
announced today that it will make its first and final distribution to
shareholders in the amount of $5.25 million ($0.3425 per share) on
September 30, 2003, to shareholders of record as of September 18, 2003.
The liquidating trust will terminate shortly thereafter.

BSRT Liquidating Trust assumed all of the assets and liabilities of Banyan
Strategic Realty Trust on January 3, 2003.  At that time, Banyan, a real
estate investment trust, had sold all of its real estate assets in a two-
year liquidation program and had distributed $5.45 in liquidating
distributions to its shareholders.  The September 30, 2003 distribution of
$0.3425 brings the total liquidating distributions to $5.7925 in a 33-month
period.

The liquidating trust was necessitated due to ongoing multi-million dollar
litigation involving Banyan and its suspended president, which was
unresolved at the close of calendar year 2002.  That litigation was settled
in June of 2003, paving the way for the final distribution of assets.

The last remaining illiquid asset of BSRT Liquidating Trust, a 7.11%
interest in Partners Liquidating Trust, was sold earlier this month for
$20,000 to TRP Investments, LLC of Westmont, Illinois.  BSRT solicited bids
for this asset from potentially interested parties, including the other
beneficiaries of Partners Liquidating Trust.

To effectuate the final termination, BSRT Liquidating Trust will execute a
Liquidating Agent Indemnity Agreement with Banyan Survivor LLC, a company
wholly owned by Robert G. Higgins, the former general counsel of Banyan and
one of the two trustees of BSRT Liquidating Trust.  Pursuant to the
agreement, BSRT Liquidating Trust will pay to Banyan Survivor LLC the
remaining cash available following the $5.25 million liquidating
distribution, which is expected to be approximately $70,000 ($0.0045 per
share), net of estimated post-September 30, 2003 liabilities.  In return,
Banyan Survivor, LLC will: (i) indemnify, defend and hold harmless BSRT
Liquidating Trust from and against a scheduled list of estimated post
September 30, 2003 liabilities; (ii) utilize up to 50% of the transferred
cash to discharge any unscheduled or unknown liabilities that may arise
between October 1, 2003 and December 31, 2004; (iii) supervise the
disposition of Banyan's and BSRT Liquidating Trust's records; (iv) file all
necessary termination notices for BSRT Liquidating Trust; (v) respond to
inquiries regarding Banyan and/or BSRT Liquidating Trust through
December 31, 2004; and (vi) maintain Banyan's website (www.banyanreit.com)
until December 31, 2003.





                                -more-





BANYAN STRATEGIC REALTY TRUST
ADD 1




Mr. Higgins did not participate in the decision of BSRT Liquidating Trust
to enter into the Liquidating Agent Indemnity Agreement.  Mr. L. G.
Schafran, co-trustee with Mr. Higgins, who was advised and counseled by the
attorneys for BSRT Liquidating Trust, negotiated and executed the
agreement.

The terms of the Liquidating Trust Agreement require that the Trustees,
upon termination of the liquidating trust, submit a report to its
shareholders.  That report, which will be finalized following an audit of
the financial statements of the liquidating trust, will be mailed to
shareholders within the next thirty days.  The report will also be
available at Banyan's website until December 31, 2003.

BSRT Liquidating Trust is a trust formed under the laws of the State of
Illinois.  On January 3, 2003, BSRT Liquidating Trust 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.  On
September 30, 2003, BSRT Liquidating Trust will distribute $0.3425 per
share to its shareholders, wind up its affairs and terminate.  As of the
date hereof, there are 15,313,470 shares of BSRT Liquidating 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.


























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