This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

American Spectrum Announces The Acquisition Of Two Florida Self-Storage Facilities

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 1 st 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. 1 st 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, 1 st 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.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs