EXHIBIT 99.21
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AT THE TRUST AT THE FINANCIAL RELATIONS BOARD
Karen Dickelman Georganne Palffy
Investor Relations Analyst Inquiries
312/683-3671 312/640-6768
[email protected]
FOR IMMEDIATE RELEASE
MONDAY, OCTOBER 16, 2000
BANYAN STRATEGIC REALTY TRUST
DECLARES THIRD QUARTER 2000 CASH DISTRIBUTION
CHICAGO, OCTOBER 16, 2000 -- Banyan Strategic Realty Trust (Nasdaq: BSRTS)
today declared a quarterly cash distribution of 12 cents per share for the
third quarter ended September 30, 2000. The distribution is payable
November 28, 2000 to shareholders of record as of October 27, 2000.
Banyan Strategic Realty Trust is an equity Real Estate Investment Trust
(REIT) that owns primarily office and flex/industrial properties. These
properties are located in certain major metropolitan areas of the Midwest
and Southeastern United States, including Atlanta, Georgia and Chicago,
Illinois and smaller markets such as Huntsville, Alabama, Louisville,
Kentucky, Memphis, Tennessee, and Orlando, Florida. The Trust's current
portfolio consists of 27 properties totaling 3.5 million rentable square
feet. As of this date, the Trust has 14,238,161 shares of beneficial
interest outstanding.
See Banyan's website at http://www.banyanreit.com.
For further information regarding Banyan free of charge via fax,
dial 1-800-PRO-INFO and enter "BSRTS".
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