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

                                December 14, 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.)
incorporation)

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                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 December 14, 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 December 14, 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:   December 14, 2006

EX-99.1

                                                                    Exhibit 99.1

         American Spectrum Realty Announces Offer to Purchase
         485,000 Shares of Hartman Commercial Properties REIT


    HOUSTON--(BUSINESS WIRE)--Dec. 14, 2006--American Spectrum Realty,
Inc. (AMEX:AQQ), a Houston real estate investment and management
company, announced that it was making an offer to purchase up to
485,000 common shares (or approximately 4.9%) of Hartman Commercial
Properties REIT for $10 per share. The offer is not conditioned on
financing, any minimum number of shares being tendered or any approval
by Hartman Commercial Properties REIT. The offer is being made
directly to the Hartman shareholders, who may contact American
Spectrum for further information at 713-706-6200. The offer will
commence immediately and expire on February 28, 2007 unless extended.
Shares will be purchased on a "first come, first served" basis.

    William J. Carden, Chairman and CEO of American Spectrum, said
that American Spectrum was renewing its offer to the Hartman Board of
Directors to negotiate an acquisition by American Spectrum of all of
the Hartman shares at $10 per share.

    American Spectrum Realty, Inc. is a real estate investment and
management company that owns 26 office, industrial and retain
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
             Chairman, President and CEO