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

GOLF TRUST OF AMERICA, INC. ANNOUNCES SALE OF METAMORA GOLF AND COUNTRY CLUB FOR $4.93 MILLION CHARLESTON, SC, April 11, 2001 -- Golf Trust of America, Inc. (AMEX:GTA), a real estate investment trust (REIT), announced today that the Company has sold Metamora Golf & Country Club in total consideration of $4.93 million. On April 9, the Company closed the sale of Metamora Golf & Country Club, an 18-hole golf course, located in Metamora, Michigan, to Metamora Golf Operating Company, LLC, which is owned by local interests. Golf Trust of America, Inc. is a real estate investment trust involved in the ownership of high-quality golf courses in the United States. The Company currently owns an interest in 41 (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.