8-K

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                                February 6, 2006
                Date of Report (Date of earliest event reported)


                         American Spectrum Realty, Inc.

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             (Exact name of registrant as specified in its charter)


     Maryland                      001-16785                  52-2258674
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  (State or Other                 (Commission              (I.R.S. Employer
  Jurisdiction of                 File Number)            Identification No.)



                5850 San Felipe, Suite 450, Houston, Texas 77057
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               (Address of principal executive offices) (Zip Code)


                                 (713) 706-6200
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              (Registrant's telephone number, including area code)


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          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR  240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))






Item 8.01. Other Events

On February 6, 2006, American Spectrum Realty, Inc. issued a press release, a
copy of which is attached hereto as Exhibit 99.1.


Item 9.01  Financial Statements and Exhibits.

(c)    Exhibits.

Exhibit        Description
- -------        -----------

99.1           Press Release dated February 6, 2006







                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                      AMERICAN SPECTRUM REALTY, INC.



                                      By:       /s/ William J. Carden
                                         ---------------------------------------
                                         Name:  William J. Carden
                                         Title: Chairman of the Board, President
                                                and Chief Executive Officer


Date: February 6, 2006

EX-99.1

                                                                    Exhibit 99.1

American Spectrum Realty Announces Purchase of Office Building in Houston;
 Purchase Increases American Spectrum's Total Leasable Space in Texas to
                  Approximately 1,050,000 Square Feet

    HOUSTON--(BUSINESS WIRE)--Feb. 6, 2006--American Spectrum Realty,
Inc. (AMEX:AQQ), a real estate investment and management company,
headquartered in Houston, Texas, announced today the purchase of a
ten-story office building in Houston, Texas on February 2, 2006. The
office building, located at 2401 Fountainview, has 174,369 square feet
and is currently 84% leased.
    Acquisition costs consisted of a new mortgage loan and proceeds
from a tax-deferred exchange. 2401 Fountainview is the Company's
largest property in Texas and the second largest in its portfolio.
Major tenants include Sterling Bank, Benchmark Engineering, Inc. and
T. Wade Welch, Inc. The project is located in the Galleria area which
is the West Side of Houston.
    William J. Carden, President and CEO, stated, "We are pleased to
add this office building to our portfolio. This building increases our
Texas portfolio to approximately 1,050,000 square feet. We consider
this building a long-term hold due to the location and quality of the
project. We plan on acquiring more real estate this year in Houston,
Texas. Houston and Texas in general, is considered one of our core
markets."
    Mr. Carden added, "Management and leasing of the building will be
handled by personnel in our corporate headquarters located in Houston.
Any leasing inquiries should be directed to Bill McGrath, CCIM,
Regional Leasing Representative, at 713-706-6200."

    American Spectrum Realty, Inc. is a real estate investment and
management company that owns 21 office, industrial, and retail
properties aggregating over 1.7 million square feet in California,
Texas, Arizona, South Carolina and the Midwest. Publicly traded on the
American Stock Exchange since November 2001, American Spectrum
Realty's business plan focuses on expansion of office and industrial
property investments in California, Texas and Arizona.

    CONTACT: American Spectrum Realty, Inc., Houston
             William J. Carden, 713-706-6200