HOUSTON, TX (REIT Media) December 26, 2007 - Three directors of American Spectrum Realty, Inc. (AMEX:AQQ), a real estate investment and management company, headquartered in Houston, Texas, have announced today that they have entered into a plan to purchase up to a total of 300,000 shares of American Spectrum common stock in open market transactions. The three directors are William J. Carden, American Spectrum’s Chairman, President and CEO, John N. Galardi and Timothy R. Brown.

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