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

GOLF TRUST OF AMERICA AND ITS LENDERS RESCHEDULE HEARING DATE CHARLESTON, SC, June 14, 2001 - Golf Trust of America, Inc. (AMEX:GTA) announced today that due to continuing discussions with its lenders, the preliminary injunction hearing set for June 14, 2001 was not held. The hearing has been transferred to the North Carolina Business Court and is scheduled for June 26, 2001. The Company and its lenders are attempting to conclude an agreement that would eliminate the need for a hearing. 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 36.5 (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.