American Spectrum Realty, Inc. AQQ, announced today
the proposed sale of two office buildings and one industrial project in
Houston, Texas.
The three projects all went under contract on November 17, 2011. The three
sales, if consummated, will result in gains on sale before tax of
approximately $5.5 million. The industrial project was acquired in 2001 and
the office buildings were acquired in 2002.
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