UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 12B-25
NOTIFICATION OF LATE FILING
0-15465 066 83M 102
SEC FILE NUMBER CUSIP NUMBER
( ) FORM 10-K ( ) FORM 20-F ( ) FORM 11-K (x) FORM 10-Q ( ) FORM N-SAR
FOR THE PERIOD ENDED: March 31, 1996
If the notification relates to a portion of the filing checked above, identify
the items to which the notification relates: N/A
--------------------
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Banyan Strategic Realty Trust
Former Name if Applicable: Not Applicable
Address of Principal Executive Offices: 150 South Wacker Drive,
Suite 2900, Chicago, IL 60606
PART II - RULES 12B-25(B) AND (C)
If the subject report could not be filed without unreasonable effort or expense
and the Registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
( ) (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(X) (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form 10-Q, Form N-SAR, or portion there-
of, will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report of
transition report on Form 10-Q, or portion thereof will be filed on
or before the fifth calendar day following the prescribed due
date; and
( ) (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q, N-
SAR, or the transition report or portion thereof, could not be filed within the
prescribed time period.
The Quarterly Report on Form 10-Q of Banyan Strategic Realty Trust (the
"Registrant") will not be completed by May 15, 1996, the last day for a
timely filing of such Quarterly Report for the period ended March 31, 1996.
Additional time is required in order to enable the Registrant to file a complete
and accurate report without unreasonable effort or expense. The Form 10-Q will
be filed on or before May 20, 1996 in accordance with Rule 12b-25(b).
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Joel L. Teglia (312) 553-9800
(2) Have all other periodic reports under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months (or for such shorter period
that the Registrant was required to file such reports) been filed? If
answer is no, identify report(s).
( X ) YES ( ) NO
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof?
( ) YES ( X ) NO
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
BANYAN STRATEGIC REALTY TRUST
(Exact name of Registrant as specified in its charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: May 15, 1996 By:/s/ Joel L. Teglia
-----------------------------------------
Joel L. Teglia, Vice President and
Chief Financial Officer