|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
Real Estate Company American Spectrum
June 2, 2010: American Spectrum Realty, Inc., a real estate investment and management company headquartered in Houston, Texas, announced today that it has entered into a letter of intent with Amerifund Capital Securities, LLC, a Houston-based investment banking firm (“Amerifund”), with respect to a proposed private placement of convertible preferred stock. The private placement is subject to various conditions. If it is consummated, the Company expects to sell up to $10,000,000 in convertible preferred stock to institutional investors.
William J. Carden, CEO, said that the proposed private placement will, if consummated, provide the Company with capital to expand its property portfolio and to its third-party property management business.
American Spectrum Realty, Inc. is a real estate investment company that owns, through an operating partnership, 29 offices, industrial and retail properties aggregating approximately 2.6 million square feet in California, Texas, Arizona and the Midwest, and has been publicly traded since 2001. American Spectrum Management Group, Inc., a wholly-owned subsidiary of the Company’s operating partnership, manages and leases all properties owned by American Spectrum Realty, Inc.
SOURCE: American Spectrum Realty, Inc.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. American Spectrum Realty Enters into Letter of Intent with Amerifund Capital Securities is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
- Landlords Property Management Companies and Real Estate Investors – Paul Perkins to Lead American Spectrum Realty Management Landlords, property managment companies and real estate investors,American Spectrum Realty, Inc., a real estate investment, management and leasing company, headquartered in Houston, Texas announced today that it has named Paul......
- American Spectrum Management Group, Inc. Awarded Contract for Third Party Leasing & Management by Imperial Capital Bank HOUSTON–American Spectrum Realty, Inc., a real estate investment, management and leasing company, headquartered in Houston, Texas, stated today that American Spectrum Management Group, Inc. has been awarded the leasing and......
- American Spectrum Realty Reports Sale of Houston Office Property HOUSTON, Apr 06, 2010 — American Spectrum Realty, Inc. , a real estate investment and management company headquartered in Houston, Texas, announced today the sale of 5850 San Felipe on......
