American Spectrum Realty Engages Raymond James & Associates, Inc. to Provide Investment Banking Services
February 07 2011 - 9:00AM
Business Wire
American Spectrum Realty, Inc. (NYSE AMEX: AQQ) (“The Company”),
a real estate investment, management and leasing company,
headquartered in Houston, Texas announced today that it has engaged
Raymond James & Associates, Inc. to provide investment banking
services to the Company. The services include acting as lead
manager for any public underwritten offering and acting as a
financial advisor to the Company in any future company
acquisitions.
William J. Carden, CEO, said that the engagement will provide
the Company with possible financial options to expand its real
estate property portfolio and add to its third-party property
management and leasing through acquisition of property management
companies and TIC sponsors. The Company has not only endured but
expanded during one of the most difficult financial periods since
the Great Depression, and the engagement of Raymond James will
assist in the Company’s growth strategy throughout 2011.
About American Spectrum Realty,
Inc.
American Spectrum Realty, Inc. is a real estate investment
company that owns, through its operating partnership, interest in
office, industrial, self storage, retail properties, and apartments
throughout the United States. The company has been publicly traded
since 2001. American Spectrum Realty Management, LLC is a
wholly-owned subsidiary of the Company’s operating partnership that
leases and manages all properties owned by American Spectrum
Realty, Inc. as well as third-party clients.
ASRM provides first-class management and leasing services for
over 130 office, industrial, retail, self-storage, and multi-family
properties, totaling over 15 million square feet in 22 states.
Certain matters discussed in this release are forward-looking
statements that are subject to risks and uncertainties that could
cause actual results to differ materially from those projected
including the risks and uncertainties of acquiring, owning,
operating and disposing of real estate. Such risks and
uncertainties are disclosed in the Company’s past and current
filings with the U. S. Securities and Exchange Commission.
American Spectrum (AMEX:AQQ)
Historical Stock Chart
From May 2024 to Jun 2024
American Spectrum (AMEX:AQQ)
Historical Stock Chart
From Jun 2023 to Jun 2024