American Spectrum Announces the Acquisition of Two Florida Self-Storage Facilities

HOUSTON--()--American Spectrum Realty, Inc. (NYSE AMEX: AQQ), a real estate investment and management company, headquartered in Houston, Texas, announced today the purchase of two self-storage properties in Tampa and Ocala, Florida.

The two property portfolio consists of over 100,000 SF with a combined total of 776 storage units. These storage facilities offer a wide range of amenities such as climate controlled units, wine storage, drive-up units, truck rentals, 24-hour access, on-site leasing, RV, car, and boat storage to provide the complete storage experience. American Spectrum has been operating the properties under the 1st American Storage ® brand, a registered trademark of American Spectrum Realty, Inc.

William J. Carden, President and CEO, stated, “We have experienced strong growth in our storage division and we are excited to add these two facilities to our owned real estate portfolio. 1st American Storage ® has a track record of success and continues to expand its self-storage portfolio through both acquisitions and third-party assignments.”

American Spectrum’s national self-storage division, 1st American Storage ®, currently consists of over 10,000 units in excess of 1.6 million square feet in multiple states. 1st American Storage ® is a brand that represents value, integrity, and customer service within the industry. For more information on these two Florida facilities or on our national self-storage division, visit www.1stAmericanStorage.com.

American Spectrum Realty, Inc. is a real estate investment company that owns, through its operating partnership, office, industrial, self-storage, retail properties, and multi-family properties throughout the United States. The company has been publicly traded since 2001. American Spectrum Management Group, Inc. (“ASMG”) is a subsidiary of the Company that manages and leases all properties owned by American Spectrum Realty, Inc. as well as third-party clients.

ASMG provides first-class management and leasing services for office, industrial, retail, self-storage, and multi-family properties, totaling over 11 million square feet in 18 states. For more information on what ASMG can do for your properties, visit www.asrmanagement.com or call 888-315-2776.

Certain matters discussed in this release are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including the risks and uncertainties of acquiring, owning, operating and disposing of real estate. Such risks and uncertainties are disclosed in the Company’s past and current filings with the U.S. Securities and Exchange Commission.

Contacts

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

Release Summary

ASR purchases two Florida self storage properties in Tampa and Ocala for a total of over 100,000 SF consisting of 776 storage units branded as 1st American Storage.

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Contacts

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