UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                                September 7, 2004
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                Date of Report (Date of earliest event reported)


                         American Spectrum Realty, Inc.

             (Exact name of registrant as specified in its charter)


Maryland                       001-16785                           52-2258674
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(State or Other               (Commission                    (I.R.S. Employer
Jurisdiction of              File Number)                      Identification
incorporation)                                                           No.)

- --------------------------------------------------------------------------------

                5850 San Felipe, Suite 450, Houston, Texas 77057
               (Address of principal executive offices) (Zip Code)


                                 (713) 706-6200
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              (Registrant's telephone number, including area code)

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          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2. below):

[ ]      Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)

[ ]      Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)

[ ]      Pre-commencement  communications  pursuant to Rule  14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))

[ ]      Pre-commencement  communications  pursuant to Rule  13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))







Item 8.01 Other Events.

On September 7, 2004,  American Spectrum Realty,  Inc. issued a press release, a
copy of which is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit           Description
- -------           ------------
99.1              Press Release dated September 7, 2004










                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                          AMERICAN SPECTRUM REALTY, INC.


                          By:                    /s/ William J. Carden
                                ------------------------------------------------
                                Name:    William J. Carden
                                Title:   Chairman of the Board, President and
                                         Chief Executive Officer


Date:  September 8, 2004