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


                                January 27, 2006
                Date of Report (Date of earliest event reported)


                         American Spectrum Realty, Inc.

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             (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
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               (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 5.02 Departure of Directors or Principal  Officers;  Election of Directors;
Appointment of Principal Officers.

On January 27, 2006,  Patricia A. Nooney  resigned as Chief  Operating  Officer,
Senior Vice  President,  Treasurer,  Secretary  and Director of  Accounting  for
American Spectrum Realty, Inc. and its subsidiaries and affiliates. No new chief
operating officer has been named.

Effective as of January 27, 2006,  American Spectrum Realty's Board of Directors
appointed Richard M. Holland, as Vice President of Investments. Mr. Holland, age
52, has served as Director of Leasing for American  Spectrum Realty,  Inc. since
October 2002.

Also effective as of January 27, 2006, G. Anthony Eppolito was appointed as Vice
President of  Accounting,  Treasurer  and Secretary by the Board of Directors of
American  Spectrum Realty.  Mr.  Eppolito,  age 38, has served as Controller for
American  Spectrum  Realty,  Inc.  since  November  2004 and served as Assistant
Controller from March 2002 thru October 2004.



Item 9.01 Financial Statements and Exhibits.

(c)  Exhibits.

Exhibit         Description
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99.1            Press Release dated January 31, 2006

















                                   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: January 31, 2006