SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) September 20, 2005 CENTURY REALTY TRUST ______________________________________________________________________________ (Exact Name of Registrant as Specified in Charter) Indiana 0-7716 35-1284316 ________________________________ _____________ ____________________ (State or Other Jurisdiction of (Commission (IRS Employer or Incorporation) File Number) Identification No.) 823 Chamber of Commerce Building, Indianapolis, Indiana 46204 ______________________________________________________________________________ (Address of Principal Executive Offices) (Zip Code) (Registrant's Telephone Number, Including Area Code) (317) 632-5467 ______________________________________________________________________________ Not Applicable ______________________________________________________________________________ (Former Name or Former Address if Changed Since Last Report) Item 8.01 - Other Events. On September 20, 2005, the Trust engaged City Securities Corporation ("City") Indianapolis, Indiana, to act as the Trust's financial advisor in reviewing and analyzing the financial aspects of various strategic alternatives which may become available to the Trust. The term of the engagement is twelve months. If, during the course of the engagement, the Trust pursues a strategic transaction, City will manage the process pursuant to terms mutually agreed upon by City and the Trust. To assist in its efforts, City will use the services of Holliday Fenoglio Fowler, LP ("Holliday"), and Greystone & Co., Inc. ("Greystone"), both of which are nationally recognized entities. Neither the Trust, nor any of its affiliates, have had any previous relationships with City, Holliday or Greystone. Founded in 1924, City is the largest investment bank headquartered in Indiana. City offers a wide range of investment services for individuals, companies and municipalities. City is a member of the NASD and SIPC. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CENTURY REALTY TRUST September 22, 2005 By: /s/ John I. Bradshaw, Jr. _______________ ____________________________________ Date John I. Bradshaw, Jr. President and Treasurer Chief Executive Officer