Golf Trust of America, Inc.
(AMEX: GTA)

Golf Trust of America Announces 4Q Earnings Release Temporarily Postponed CHARLESTON, SC, February 13, 2001-- Golf Trust of America, Inc. (AMEX:GTA) today announced that the Company’s fourth quarter earnings announcement, historically released in mid-February, will be temporarily postponed. W. Bradley Blair, II, president and chief executive officer, stated, “Historically, we have reported fourth quarter earnings by the middle of February. Due to the consideration by our board of directors of the possibility of its approval of a plan of liquidation, and the financial implications thereof, we have elected to temporarily postpone the release of our fourth quarter earnings. We anticipate that we will release fourth quarter earnings within the next thirty days, and will announce the release date prior to that time.” Golf Trust of America, Inc. is a self-administered real estate investment trust (REIT) involved in the ownership of high-quality golf courses in the United States. The Company currently owns an interest in 45 (eighteen-hole equivalent) golf courses. # # # Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors including general economic conditions, competition for golf course acquisitions, the availability of equity and debt financing, interest rates and other risk factors as outlined in the Company's SEC reports.