American Spectrum Realty Management, LLC
Awarded Contracts for Third Party Leasing &
Management by CITY NATIONAL BANK
July 07, 2010 09:15 AM Eastern Daylight Time
IRVINE, Calif.--(EON: Enhanced Online News)--American Spectrum Realty, Inc. (NYSE AMEX: AQQ), a real
estate investment, management and leasing company, headquartered in Houston, Texas, stated today that American
Spectrum Realty Management, LLC (“ASRM”) has been chosen by CITY NATIONAL BANK to manage
numerous apartment properties in Los Angeles and Orange Counties.
These contracts mark a strong vote of confidence in the American Spectrum Realty Management LLC’s ability to
manage effectively and efficiently assets that have become under the ownership control of CITY NATIONAL
BANK through foreclosure or other means.
ASRM, together with its affiliates, provides first-class management and leasing services for approximately 125
properties, which consist of 8,951,240 square feet of office, industrial and retail, 2,934 multi-family units, over
13,000 self storage units consisting of 1,793,881 square feet, 3,206 student housing units, consisting of 9,107 beds
and nine assisted living facilities consisting of 776 beds.
About American Spectrum Realty, Inc.
American Spectrum Realty, Inc. is a real estate investment company that owns, manages, and operates through an
operating partnership 32 office, industrial and retail properties aggregating approximately 2.9 million square feet in
California, Texas, Arizona and the Midwest and has been publicly traded on the NYSE AMEX since 2001.
American Spectrum Management Group, Inc. (“ASMG”) and American Spectrum Realty Management, LLC,
(each, wholly-owned subsidiaries of American Spectrum Realty, Inc.) are responsible for the leasing and
management of approximately 125 properties totaling over two billion of value in 22 states. American Spectrum
Realty Advisors, LLC (“ASRA”) provides real estate advisory services to ASRM. ASRA is also a wholly owned
subsidiary of American Spectrum.