American Spectrum Realty Announces Completion of Loan Refinance

American Spectrum Realty, Inc.

announced today that it has completed a loan refinance on its self-storage facility in Houston, Texas. The new loan for A-Plus Self Storage, in the amount of $2,030,000, is for a 10 year term and bears interest at a fixed rate of 5.55% per annum. The property's annual net cash flow is anticipated to increase by approximately $75,000 as a result of the refinance. A-Plus Self Storage is a 76,250 square foot, 466 unit facility, located on Sabo Road and is managed by American Spectrum Realty Management, LLC (“ASRM”). The property operates under the 1st American Storage brand. When ASRM began managing and leasing the property in January of 2010, occupancy was severely low and the property value was less than the loan principal balance, with the loan maturing in August 2011. American Spectrum Realty Advisors, LLC (“ASRA”) negotiated a 12 month extension with the lender.