SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [ X ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [ X ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Section 240.11(c) or Section 240.14a-12 BANYAN STRATEGIC REALTY TRUST - ------------------------------------------------------------------------ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: Shares of Beneficial Interest 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11: 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: ........................................... 2) Form, Schedule or Registration Statement No.: ........................................... 3) Filing Party: ........................................... 4) Date Filed: ........................................... August 4, 1998 Dear Shareholder: As you know, Banyan Strategic Realty Trust's annual meeting of shareholders was convened on July 23, 1998. We are pleased to report that eight proposals presented to the shareholders for approval, including a proposal to remove a requirement that the Trust be terminated in March, 2001, were approved. Proposal Number Five, however, has not yet received sufficient votes to pass. This proposal seeks approval to authorize the issuance of preferred shares. Since we believe that the adoption of this proposal will increase our financing options, the meeting was adjourned to August 4, 1998, and today was adjourned to August 12, 1998, to permit additional time to solicit approval of that proposal. We need your help in achieving our objectives. Please mark the box "FOR" Proposal Number Five on the enclosed proxy card. Since the vote has been finalized on the other proposals, no vote is necessary on those matters. Your prompt response regarding Proposal Number Five will be greatly appreciated. Sincerely, BANYAN STRATEGIC REALTY TRUST Leonard G. Levine President