HOUSTON, TX (REIT Media) December 24, 2007 - American Spectrum Realty, Inc. ("the Company") (AMEX:AQQ), a real estate investment and management company, headquartered in Houston, Texas, announced today that it received from MacKenzie Patterson Fuller, LP, the results of their tender offer, which expired December 21, 2007. MacKenzie Patterson informed the Company that a total of 12,934 shares were tendered as a result of the offer.

American Spectrum Realty, Inc. is a real estate investment and management company that owns 29 office, industrial and retail properties aggregating over 2.5 million square feet in California, Texas, Arizona, South Carolina and the Midwest. Publicly traded on the American Stock Exchange since November 2001, American Spectrum Realty’s business plan focuses on expansion of office and industrial property investments in California, Texas and Arizona.

American Spectrum Realty, Inc., Houston
Chairman, President and CEO
William J. Carden, 713-706-6200