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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 O5SlKKW5YqCEUwwBXtE68qEaH/ZHVsdrWmcbl9hd9YruBrR2WH810HTo07RlOM9K
 PeZu5k/rfQYsqZwXydhyRw==

<SEC-DOCUMENT>0001181431-05-000685.txt : 20050104
<SEC-HEADER>0001181431-05-000685.hdr.sgml : 20050104
<ACCEPTANCE-DATETIME>20050104135003
ACCESSION NUMBER:		0001181431-05-000685
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050103
FILED AS OF DATE:		20050104
DATE AS OF CHANGE:		20050104

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RHODES THOMAS L
		CENTRAL INDEX KEY:			0001237451

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09360
		FILM NUMBER:		05505747

	BUSINESS ADDRESS:	
		STREET 1:		45 SOUTH ULSTER STREET PARKWAY
		STREET 2:		SUITE 1100
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237
		BUSINESS PHONE:		303 757 8101

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN LAND LEASE INC
		CENTRAL INDEX KEY:			0000804138
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				841038736
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		29399 U.S. HWY 19, NORTH
		STREET 2:		SUITE 320
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33761
		BUSINESS PHONE:		727-726-8868

	MAIL ADDRESS:	
		STREET 1:		29399 U.S. HWY 19, NORTH
		STREET 2:		SUITE 320
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			33761

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASSET INVESTORS CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC ASSET INVESTORS INC
		DATE OF NAME CHANGE:	19890406

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC MORTGAGE ASSET INVESTORS INC
		DATE OF NAME CHANGE:	19861204
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd63560.xml
<DESCRIPTION>JANUARY 3, 2005 FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-01-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000804138</issuerCik>
        <issuerName>AMERICAN LAND LEASE INC</issuerName>
        <issuerTradingSymbol>ANL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001237451</rptOwnerCik>
            <rptOwnerName>RHODES THOMAS L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NATIONAL REVIEW</rptOwnerStreet1>
            <rptOwnerStreet2>215 LEXINGTON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10016</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.01</value>
            </securityTitle>
            <transactionDate>
                <value>2005-01-03</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2005-01-03</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>7482</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>22.4276</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10600</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>The Rhodes Foundation</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares sold via Open Market on January 3, 2005.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Thomas L. Rhodes</signatureName>
        <signatureDate>2005-01-03</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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