EXHIBIT 99.15 - ------------- AT THE TRUST AT THE FINANCIAL RELATIONS BOARD Karen Dickelman Larry Stein Georganne Palffy Investor Relations General Inquiries Analyst Inquiries 312/683-3671 312/640-6794 312/640-6768 ir@banyanreit.com FOR IMMEDIATE RELEASE WEDNESDAY, APRIL 5, 2000 BANYAN STRATEGIC REALTY TRUST DECLARES FIRST QUARTER 2000 CASH DISTRIBUTION CHICAGO, APRIL 5, 2000 - Banyan Strategic Realty Trust (Nasdaq:BSRTS) today declared a quarterly cash distribution of 12 cents per share for the first quarter ended March 31, 2000. The distribution is payable May 22, 2000 to shareholders of record as of April 21, 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 14,165,635 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". - END -