Bill McGrath Named President of American Spectrum Management Group, Inc.
HOUSTON--(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 named Bill McGrath, CCIM President of American Spectrum Management Group, Inc. ("ASMG"). American Spectrum Management Group, Inc. is a wholly-owned subsidiary of the Company that provides asset management, leasing, and property management services for all properties owned by American Spectrum Realty, Inc. as well as properties nationally for third-party clients.
Bill McGrath, CCIM President (Photo: Business Wire)
Mr. McGrath has been an integral part of American Spectrum Realty, Inc. since its inception and has worked for the company in various capacities since 2000. He was originally hired to lead the Company's asset management and leasing efforts for its owned real estate portfolio primarily consisting of office, retail, and light industrial space. His successful tactics and industry expertise produced extraordinary results and he was soon promoted to Director of Operations.
Upon acquiring a large management portfolio in January 2010, Mr. McGrath was promoted to Senior Vice President of Operations to oversee the company's office, retail, industrial, self-storage, multi-family, and student housing portfolios. His responsibilities included evaluating and implementing pro-forma performance, meeting target leasing and management goals, and overseeing the operations for all owned and third-party properties nationwide.
Mr. McGrath as President will focus on creative solutions to industry challenges and continue to lead the management company in its commitment to providing exceptional value to a diverse mix of investors and property owners nationwide. "I'm excited to take on this responsibility and look forward to some changes in 2013 that will provide better service to our clients and customers," says Bill. In addition, Mr. McGrath has plans to significantly grow the company's managed portfolio over the next 12 months. Mr. McGrath has over 25 years of real estate experience and has served clients in lease negotiations, acquisitions, dispositions, due diligence, management and contract negotiations throughout the country.
"Mr. McGrath has been a leader in this company for many years. His respected leadership and proactive decisiveness is exactly what the management company needs," says William J. Carden, CEO of American Spectrum Realty, Inc.
American Spectrum Management Group, Inc. is a full-service asset management company providing premier property management and leasing to self-storage, office, retail, R&D, multi-family, and student housing owners and investors nationwide. ASMG currently provides in-house, accounting, marketing, management, leasing, risk management, and receivership services to over 75 properties nationwide. For more information on how ASMG can help service your properties, visit www.asrmanagement.com or call Bill McGrath at 713-706-6200.
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, multi-family, and student housing properties throughout the United States. The Company has been publicly traded since 2001.
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 Realty, Inc.
Bill McGrath, CCIM, 713-706-6200
KEYWORDS: United States North America Texas
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