EXHIBIT (99.1)
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AT THE TRUST: AT THE FINANCIAL RELATIONS BOARD:
Karen Dickelman Tony Ebersole Laura Kuhlmann Georgeanne Palffy
Investor General Info. Media Inquiries Analyst Inquiries
Relations 312 640-6728 312 640-6727 312 640-6768
312 683-3671
www.banyanreit.com
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FOR IMMEDIATE RELEASE
WEDNESDAY, JANUARY 6, 1999
BANYAN STRATEGIC REALTY TRUST DECLARES
FOURTH QUARTER 1998 CASH DISTRIBUTION
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CHICAGO, JANUARY 6, 1999 -- BANYAN STRATEGIC REALTY TRUST (Nasdaq:BSRTS)
today declared a quarterly cash distribution of 12 cents per share for the
fourth quarter ended December 31, 1998. The distribution is payable
February 22, 1999, to shareholders of record as of January 22, 1999.
Banyan Strategic Realty Trust is a 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 32 properties totaling 3.7 million
net rentable square feet and 864 apartment units. The Trust currently has
13,389,846 shares of beneficial interest outstanding.
See Banyan's Website at http://banyanreit.com for additional company
information.
Further information regarding Banyan can also be found free of charge via
fax by dialing 1-800-PRO-INFO and enter "BSRTS."