SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             -----------------------

                                 Amendment No. 1
                                       to
                                   SCHEDULE TO

         Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
                     of the Securities Exchange Act of 1934
                               -------------------

                         AMERICAN SPECTRUM REALTY, INC.
                            (Name of Subject Company)

    MPF SENIOR NOTE PROGRAM I, LP, MPF BLUE RIDGE FUND I, LLC, MPF BLUE RIDGE
    FUND II, LLC, MACKENZIE PATTERSON SPECIAL FUND 7, LLC, MORAGA GOLD, LLC,
                         MACKENZIE PATTERSON FULLER, LP
                                    (Bidders)

                             SHARES OF COMMON STOCK
                         (Title of Class of Securities)

                                 None or unknown
                      (CUSIP Number of Class of Securities)
                             -----------------------
                                                  Copy to:
Christine Simpson                                 Chip Patterson, Esq.
MacKenzie Patterson Fuller, LP                    MacKenzie Patterson Fuller, LP
1640 School Street                                1640 School Street
Moraga, California  94556                         Moraga, California  94556
(925) 631-9100 ext.224                            (925) 631-9100 ext. 206

                     (Name, Address, and Telephone Number of
                    Person Authorized to Receive Notices and
                       Communications on Behalf of Bidder)

                            Calculation of Filing Fee

        Transaction                                             Amount of
        Valuation*                                              Filing Fee

        $2,972,500                                              $318.06

 *      For purposes of calculating the filing fee only.  Assumes the purchase
        of 145,000 Shares at a purchase price equal to $20.50 per Share in cash.

[X]     Check box if any part of the fee is offset as provided by Rule
        0-11(a)(2) and identify the filing with which the offsetting fee was
        previously paid. Identify the previous filing by registration statement
        number, or the Form or Schedule and the date of its filing.

        Amount Previously Paid:  $318.06
        Form or Registration Number: SC TO-T
        Filing Party: MacKenzie Patterson Fuller, LP
        Date Filed: JULY 18, 2006

[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

[X] third party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[ ] going private transaction subject to Rule 13e-3
[ ] amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results
of the tender offer: [X]








                         FINAL AMENDMENT TO TENDER OFFER

This Tender Offer Statement on Schedule TO relates to the offer (the "Offer") by
MPF Senior Note Program I, LP, MPF Blue Ridge Fund I, LLC, MPF Blue Ridge Fund
II, LLC, MacKenzie Patterson Special Fund 7, LLC, Moraga Gold, LLC, MacKenzie
Patterson Fuller, LP(collectively the "Purchasers") to purchase up to 145,000
shares of common stock (the "Shares") in American Spectrum Realty, Inc. (the
"Corporation"), the subject company, at a purchase price equal to $20.50 per
Share, less the amount of any dividends declared or made with respect to the
Shares between July 18, 2006 (the "Offer Date") and August 18, 2006 or such
other date to which this Offer may be extended (the "Expiration Date"), upon the
terms and subject to the conditions set forth in the Offer to Purchase dated
July 18, 2006 (the "Offer to Purchase") and the related Letter of Transmittal.
The Offer resulted in the tender by shareholders, and acceptance for payment by
the Purchasers, of a total of 3,625 Shares. Upon completion of the Offer, the
Purchasers held an aggregate of approximately 60,278 Shares, or approximately
4.3% of the total outstanding Shares.


Item 12. Exhibits.

(a)(6)   Press Release


                                   SIGNATURES


         After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

Dated:   August 18, 2006

MPF SENIOR NOTE PROGRAM I, LP, MPF BLUE RIDGE FUND I, LLC, MPF BLUE RIDGE FUND
II, LLC, MACKENZIE PATTERSON SPECIAL FUND 7, LLC, MORAGA GOLD, LLC, MACKENZIE
PATTERSON FULLER, LP

By:      /s/ Chip Patterson
         -------------------------------
         Chip Patterson, Senior Vice President of Manager or
         General Partner of each filing person

MACKENZIE PATTERSON FULLER, LP

By:      /s/ Chip Patterson
         -------------------------------
         Chip Patterson, Senior Vice President