CHICAGO, July 6 /PRNewswire/ -- Banyan Strategic Realty Trust
(Nasdaq: BSRTS) today declared a quarterly cash distribution of $0.12 per
share for the second quarter ended June 30, 1998. The distribution is payable
August 21, 1998 to shareholders of record as of July 21, 1998.
Banyan Strategic Realty Trust is a diversified equity real estate
investment trust (REIT) with a portfolio that includes primarily
flex/industrial and suburban office buildings, as well as retail and
residential properties. The Trust's current portfolio includes 30 properties
totaling 3.5 million rentable square feet and 864 apartment units. The
properties are located in major metropolitan areas and mid-to-small second
tier markets primarily in the Midwest and Southeast United States. The Trust
currently has 13,301,825 shares of beneficial interest outstanding.
See Banyan's website at http://www.banyanreit.com for complete company
information.
SOURCE Banyan Strategic Realty Trust
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CONTACT:
Karen Dickelman, Director, Investor Relations
of Banyan, 312-683-3671; or General Info., Tony Ebersole,
312-640-6728, or Media Inquiries, Laura Kuhlmann, 312-640-6727,
or Analyst Inquiries, Susan Steidle, 312-640-6774, all of The
Financial Relations Board
NOTE TO EDITORS: For further information regarding Banyan free of
charge via fax, dial 1-800-PRO-INFO and enter "BSRTS"
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