American Spectrum Realty, Inc. (NYSE AMEX: AQQ) (“The Company”), a real estate investment, management and leasing company, headquartered in Houston, Texas announced today that it has named Paul Perkins President of American Spectrum Realty Management, LLC (“ASRM”). American Spectrum Realty Management, LLC is a wholly-owned subsidiary of the Company’s operating partnership that leases and manages all properties owned by American Spectrum Realty, Inc. as well as third-party clients.
American Spectrum Realty Management, LLC (“ASRM”) is a full-service asset management company providing premier property management and leasing to self-storage, office, retail, R&D, and multi-family owners and investors nationwide. ASRM currently provides in-house, accounting, marketing, management, leasing, risk management, and receivership services to over 130 properties totalling over 15 million square feet in 22 states.
Mr. Perkins is the Managing Director of American Spectrum Realty Advisors, LLC (“ASRA”). ASRA is a wholly-owned subsidiary of the Company’s operating partnership that provides consulting services on all aspects of real estate, loan work outs, refinancing, recapitalization, exit strategies, and asset valuation. ASRA provides creative solutions to outperform the market and grow the value of the asset.
Mr. Perkins has worked for American Spectrum Realty, Inc. and its predecessor companies since 1994 in various capacities. He will continue to lead both subsidiaries in their commitment to providing exceptional value to a diverse mix of investors and property owners across the United States.
About American Spectrum Realty, Inc.
American Spectrum Realty, Inc. is a real estate investment company that owns, through its operating partnership, interest in office, industrial, self storage, retail properties, and apartments throughout the United States. The company has been publicly traded since 2001.
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.