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 Bill McGrath, CCIM President of American Spectrum Management Group, Inc. (“ASMG”). American Spectrum Management Group, Inc. is a wholly-owned subsidiary of the Company that provides asset management, leasing, and property management services for all properties owned by American Spectrum Realty, Inc. as well as properties nationally for third-party clients.
“Mr. McGrath has been a leader in this company for many years. His respected leadership and proactive decisiveness is exactly what the management company needs,” says William J. Carden, CEO of American Spectrum Realty, Inc.American Spectrum Management Group, Inc. is a full-service asset management company providing premier property management and leasing to self-storage, office, retail, R&D, multi-family, and student housing owners and investors nationwide. ASMG currently provides in-house, accounting, marketing, management, leasing, risk management, and receivership services to over 75 properties nationwide. For more information on how ASMG can help service your properties, visit www.asrmanagement.com or call Bill McGrath at 713-706-6200. 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, multi-family, and student housing properties 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.