UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 8-KCURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of ~~1934February~~1934April 191, 2015Date 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
(State or Other Jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

2401 Fountain View, Suite 750, Houston, Texas 77057 (Address of principal executive offices) (Zip Code) ~~(713) 706-6200 (Registrant’s telephone number, including area code)~~

(713) 706-6200

(Registrant’s telephone number, including area code)

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 35.0102. ~~Notice~~Departure of ~~Delisting~~directors or ~~Failure~~certain toofficers; ~~Satisfy~~Election aof ~~Continued~~directors; ~~Listing~~Appointment ~~Rule~~of orcertain ~~Standard~~officers; ~~Transfer~~Compensatory arrangements of ~~Listing~~certain officers.

OnEffective ~~February~~April 191, 2015, American Spectrum Realty, Inc., ~~a Maryland corporation~~ (the “Company”) and ~~received~~Matthew aThornton, ~~letter~~the ~~indicating~~President ~~that~~of the ~~staff~~Company’s subsidiary, ~~of NYSE~~American ~~Regulation~~Spectrum Risk and Insurance Services, ~~Inc.~~LLC (~~“NYSE~~the ~~Regulation~~“Subsidiary”), agreed ~~has~~to ~~determined~~a toreduction ~~commence~~of his annual base salary from $175,000 to ~~proceedings~~$125,000 toin ~~delist~~consideration for the Company’s ~~common~~consenting ~~stock~~to ~~from~~Mr. ~~the~~Thornton managing ~~NYSE~~a ~~MKT~~company, TRAC Risk Insurance Services, LLC ~~(the~~ (“~~NYSE MKT~~TRAC”)~~. Trading~~, involved in ~~the~~managing ~~Company’s~~a ~~common~~tenant ~~stock~~insurance ~~has~~program ~~been~~for ~~halted~~self-storage properties. The onCompany amay ~~continuous~~be ~~basis~~a ~~since~~participant ~~NYSE~~in ~~Regulation~~the ~~initiated~~tenant ainsurance ~~trading~~program ~~halt on~~through ~~April~~TRAC ~~15,~~and ~~2014. Trading~~may inreceive revenues from tenants of the Company’s ~~common~~self-storage properties ~~stock~~when ~~was~~such ~~immediately~~tenants purchase insurance policies through ~~suspended~~TRAC. The ~~intra-day~~Board onof ~~February~~Directors ~~19,~~of ~~2015. As~~the Company and the Audit Committee have determined bythat ~~NYSE~~Mr. Thornton’s responsibilities at TRAC will not ~~Regulation,~~affect his responsibilities for the ~~suspension~~Company or the Subsidiary and is in compliance with the ~~result~~Company’s Code of: Ethics.

● the Company’s inability to complete its outstanding SEC filings, per Sections 134 and 1101 of the NYSE MKT Company Guide (the “Company Guide”); ● the financial condition of the Company, which is so impaired that it appears questionable, in the opinion of the NYSE MKT, as to whether the Company will be able to continue operations and/or meet its obligations as they mature, per Section 1003(a)(iv) of the Company Guide; and ● the Company’s failure to timely disclose corporate events per Section 1003(d) of the Company Guide. SIGNATURES

AsPursuant ~~previously disclosed on November 14, 2014 and January 8, 2015, the Company had submitted plans~~ to ~~the NYSE MKT outlining steps to regain~~ ~~compliance with~~ the requirements of the ~~Company~~Securities ~~Guide~~Exchange ~~and~~Act ~~the NYSE MKT had granted the Company a period through February 19, 2016 for the Company to regain compliance as outlined in its plans~~ of ~~compliance~~1934, ~~so long as~~ the ~~Company made progress consistent with such plans. However,~~Registrant ~~due~~has toduly ~~the~~caused ~~financial~~this ~~condition~~report ~~of the Company, the Company was unable~~ to ~~make~~ ~~progress consistent with such plans, and accordingly, the Board has determined it to~~ be insigned ~~the~~on ~~best~~its ~~interest~~behalf ofby the ~~Company and its~~ ~~shareholders~~undersigned tohereunto ~~not~~duly ~~appeal NYSE Regulation’s delisting determination~~authorized.

Currently, the Company’s shares of common stock are quoted on the Pink Sheets, LLC under the symbol “AQQS”.

		AMERICAN SPECTRUM REALTY, INC.


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

Date:	April 7, 2015

On February 25, 2015, the Company issued a press release regarding Item 3.01, described above. A copy of the press release is filed as Exhibit 99.1 to this Form 8-K.

Item 9.01. Financial Statements and Exhibits.

Exhibits	Description
99.1	Copy of Press Release issued by the Company on February 25, 2015.

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
			William J. Carden
			Chairman of the Board, President
			and Chief Executive Officer
Date:	February 25, 2015

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