American Spectrum Realty Announces the Proposed Sale of Three Buildings in Houston, Texas

American Spectrum Realty, Inc.

, 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.