American Spectrum Realty, Inc., a real estate asset, management and rental company headquartered in Houston, Texas, proclaimed today its results for the quarter broken September 30, 2010.
Total income for the three months broken September 30, 2010 increased by $1,323,000, or 16.3%, in contrast to the three months ended September 30, 2009. The increase was due to increase in both third party management and leasing revenues and hire proceeds.
Real estate Third party organization and leasing income increased by $902,000 for the three months ended September 30, 2010, compare to the three months ended September 30, 2009. Third Party management and hire revenue for September 30, 2010 was $973,000 compared to September 30, 2009 of $71,000. Third party management and leasing income increased by $3,096,000 for the nine months broken September 30, 2010.
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