John N. Galardi to Resign as a Director of American Spectrum Realty Inc

American Spectrum Realty, Inc. (ASR), provides real estate services. The Company provides integrated real estate solutions for its own property portfolio (properties in which the Company owns a controlling interest or in properties where the Company is the primary beneficiary of a variable interest entity (VIE)) and the portfolios of its third party clients. The Company owns and manages commercial, industrial, retail, self-storage and multi-family, student housing income properties, and offers its third party clients integrated real estate solutions, including management and transaction services. The Company conducts its business in the continental United States. The Company's business is conducted through an Operating Partnership in which the Company is the sole general partner and a limited partner with a total equity interest of 94%, as of December 31, 2013.