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

Golf Trust of America, Inc. Announces Distribution CHARLESTON, SC, August 10, 2001-- Golf Trust of America, Inc. (AMEX:GTA), today announced that its Board approved a distribution of $0.25 per common share, payable on September 7, 2001 to shareholders of record on August 23, 2001. Golf Trust of America, Inc. is a self-administered real estate investment trust involved in the acquisition and ownership of high-quality golf courses in the United States. The Company currently owns an interest in 26 (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.