American Spectrum Realty, a Houston-based real estate investment and management company, has announced an offer to buy up to 485,000 common shares (approximately 4.9%) of Hartman Commercial Properties REIT for $10 per share.American Spectrum said the offer is being made directly to Hartman shareholders and is not conditioned on financing, the tendering of a minimum number of shares, or any approval by Hartman. The offer expires on Feb. 28, 2007, unless extended, the company said.

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