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


                                  July 5, 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 July 5, 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 July 5, 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: July 5, 2006

EX-99.1

                                                                    Exhibit 99.1

              American Spectrum Realty, Inc. Announces Purchase of
                       Three Additional Buildings in Texas


     HOUSTON--(BUSINESS WIRE)--July 5, 2006--American Spectrum Realty, Inc.
(AMEX:AQQ), a real estate investment and management company, headquartered in
Houston, Texas, announced today the purchase of three office properties. The two
office buildings located in Houston, Texas and one office building located in
Victoria, Texas were purchased on June 30, 2006.
     The first building is located at 6420 Richmond and has 77,646 rentable
square feet and is currently 92% leased. The second building is located at 6430
Richmond and has 44,846 rentable square feet and is currently 74% leased. The
third building is located at 1501 Mockingbird in Victoria, Texas and is
currently 96% leased. These three June purchases increase American Spectrum's
total square footage in Texas to approximately 1.5 million square feet and
increase its real estate projects in Houston to seventeen.
     William J. Carden, President and CEO, stated, "We are pleased that with the
acquisition of these three new Texas properties, in addition to the four Houston
properties already acquired earlier in 2006, we continue to pursue our goal of
increasing our presence in our core markets of Texas, Arizona and California."
     Management and leasing of the buildings will be handled by personnel at
American Spectrum's 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 26 office, industrial, and retail properties aggregating
approximately 2.1 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