MORAGA, CA--(Marketwire - November 16, 2007) - MacKenzie Patterson Fuller, LP and affiliates (collectively, "MPF") today announced they have offered to purchase up to 138,180 shares of common stock of American Spectrum Realty Inc. (AMEX: AQQ) for a price of $17.25 per share. The average closing price from August 1, 2007 to November 13, 2007 was $18.76, however, the average volume was only 907 shares over that time period, and on 22 of those days, or 30% of the time, no trading occurred at all! ( MPF currently owns approximately 44,706 shares which, when added to the 138,180 shares sought through this offer, would result in combined ownership of approximately 11.5% of the outstanding shares of AQQ.

A copy of the offer documents can be viewed at MPF's website at MPF will also mail, email, or fax a copy of the offer documents to anyone who requests them by email to or by calling 800-854-8357.

To submit your shares, instruct your broker to deposit them through Depository Trust Company or, if you own your shares in certificate form, you can submit them by requesting and completing a Letter of Transmittal.

Contact Information: Contact: Christine Simpson 800-854-8357 x. 224 MacKenzie Patterson Fuller, LP 1640 School Street, Suite 100 Moraga, California 94556