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

GOLF TRUST OF AMERICA, INC. ANNOUNCES SALE OF SILVERTHORN COUNTRY CLUB FOR $4.25 MILLION CHARLESTON, SC, April 23, 2001 -- Golf Trust of America, Inc. (AMEX:GTA), a real estate investment trust (REIT), announced today that the Company has sold Silverthorn Country Club in total consideration of $4.25 million. On April 12, the Company closed the sale of Silverthorn Country Club, an 18-hole golf course, located near Tampa, Florida, to Silverthorn Associates, LLC, a local company with interests in the immediate community. 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 40 (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.