CRT Properties Announces Shareholder Approval of Merger Agreement with DRA

CRT Properties, Inc. (NYSE:CRO), today announced that at
a special meeting of its shareholders held in New York City,
shareholders approved the Company's previously announced merger
agreement with a subsidiary of DRA Advisors, LLC.
   "We are extremely pleased with this transaction for our
shareholders," stated Victor A. Hughes, Jr., Chairman of the Board.
"Tom Crocker, our chief executive officer, his management team and all
our employees are to be congratulated."
   The Company and DRA anticipate closing the merger transaction on
or about Tuesday, September 27, 2005.

   About CRT Properties, Inc.

   CRT Properties, Inc. owns 137 office buildings, containing
approximately 11.7 million rentable square feet, located in more than
twenty five office projects in twelve metropolitan areas in the
Southeastern United States, Texas and Maryland. For more information
about CRT Properties, Inc., contact its website at
http://www.crtproperties.com or Investor Relations, 225 NE Mizner
Boulevard, Suite 200, Boca Raton, Florida 33432-3945, or call
1-800-850-2037.

   Private Securities Litigation Reform Act of 1995. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor" for
certain forward-looking statements. The forward-looking statements
contained in this release, including those that refer to management's
plans and expectations for future operations, prospects and financial
condition, are subject to certain risks and uncertainties. Actual
results could differ materially from current expectations. The words
"believe," "expect," "anticipate," "intend," "estimate" and other
expressions which are predictions of or indicate future events and
trends and which do not relate to historical matters identify
forward-looking statements. Reliance should not be placed on these
statements because, by their nature, they are subject to known and
unknown risks and can be affected by factors that are beyond the
control of CRT Properties, Inc. Among the factors that could affect
the Company's actual results are changes in general economic
conditions, including changes in the economic conditions affecting
industries in which its principal tenants compete; its ability to
timely lease or re-lease space at current or anticipated rents to
creditworthy tenants; changes in interest rates; future demand for its
debt and equity securities; and its ability to complete current and
future development projects on schedule and on budget. A more detailed
discussion of these and other factors is set forth in the "Risk
Factors" section of the Company's SEC reports and filings, including
its Annual Report on Form 10-K for the year ended December 31, 2004.
For forward-looking statements contained or incorporated by reference
herein, the Company claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The Company assumes no obligation to
update or supplement forward-looking statements that become untrue
because of subsequent events.