CHICAGO-Banyan Strategic Realty Trust says it is in negotiations with an unidentified buyer for all the trust’s assets.

In February, the board hired CFC Advisory Services, an affiliate of Cohen Financial, to advise the board on the value of the trust’s assets and seek a buyer for them. The board says, that based on the sale price being discussed, net proceeds to shareholders might be approximately $6.20 a share upon liquidation of the trust.

The REIT’s shares are currently selling at around $5.50, little changed on the news. Banyan has a market capitalization of around $78 million.

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