CENTURY REALTY TRUST
SC 13G, 2000-01-21
REAL ESTATE INVESTMENT TRUSTS
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<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C., 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                           (Amendment No. _________)*

                              Century Realty Trust
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                   Shares of beneficial interest, no par value
                   -------------------------------------------
                         (Title of Class of Securities)

                                    156671109
                   -------------------------------------------
                                 (CUSIP Number)


                               December 31, 1999
         -----------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

         *    Rule 13d-1(b)
         [X]  Rule 13d-1(c)
         *    Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).




<PAGE>   2

CUSIP No.:   156671109
          --------------
================================================================================
1.  Names of Reporting Persons.       Murray R. Wise
    I.R.S. Identification Nos. of above persons (entities only).

================================================================================

2.  Check the Appropriate Box if a Member of a Group (See Instructions)

    (a)  N/A
       -------------------------------------------------------------------------

    (b)  N/A
       -------------------------------------------------------------------------

- --------------------------------------------------------------------------------

3.  SEC Use Only
                 ---------------------------------------------------------------

4.  Citizenship or Place of Organization:    United States of America
                                            ------------------------------------


Number of          5.  Sole Voting Power         96,712
Shares Bene-                                  ----------------------------------
ficially           6.  Shared Voting Power            0
Owned by Each                                 ----------------------------------
Reporting          7.  Sole Dispositive Power    96,712
Person With:                                  ----------------------------------
                   8.  Shared Dispositive Power       0
                                              ----------------------------------

- --------------------------------------------------------------------------------

9.  Aggregate Amount Beneficially owned by Each Reporting Person        96,712
                                                                  -------------

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
    (See Instructions)
    N/A
    ----------------------------------------------------------------------------

11. Percent of Class Represented by Amount in Row (9)         6.2%
                                                     --------------------------

12. Type of Reporting Person (See Instructions)    IN

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------


<PAGE>   3


                                  SCHEDULE 13G

Item 1.

      (a)  Century Realty Trust
      (b)  823 Chamber of Commerce Building, Indianapolis, Indiana 46204

Item 2.

      (a)  Murray R. Wise
      (b)  2407 South Neil Street, P. O. Box 3009, Champaign, Illinois 61826
      (c)  United States of America
      (d)  Shares of beneficial interest, no common par value
      (e)  156671109

Item 3.

     (a)-(j)  Not applicable

Item 4.

     (a)      96,712
     (b)         6.2%
     (c)(i)   96,712
     (c)(ii)  Not applicable
     (c)(iii) 96,712
     (c)(iv)  Not applicable

Item 5.

     Not applicable

Item 6.

     Not applicable

Item 7.

     Not applicable

Item 8.

     Not applicable

Item 9.

     Not applicable


<PAGE>   4



Item 10.

     (a)  Not applicable

     (b)  By signing below, I certify that, to the best of my knowledge and
          belief, the securities referred to above were not acquired and are not
          held for the purpose of or with the effect of changing or influencing
          the control of the issuer of the securities and were not acquired and
          are not held in connection with or as a participant in any transaction
          having that purpose or effect.


                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.



                                                     1/18/2000
                                   ---------------------------------------------
                                                       Date


                                               /s/  Murray R. Wise
                                   ---------------------------------------------
                                                      Signature


                                                    Murray R. Wise
                                   ---------------------------------------------
                                                      Name/Title



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