The US Bankruptcy Court gave an order approving the sale of certain assets of American Spectrum Realty, Inc. on July 1, 2016. The debtor has been authorized to sell its certain assets to Donald R. Clauson, the stalking horse bidder, for a purchase price of $10.2 million in cash pursuant to the asset purchase agreement. The assets include properties located at 8223 Leslie Road and 10507 Shaenfield Road, San Antonio, Texas. The stalking horse bidder has provided $0.1 million as a deposit for the purchase properties. The debtor did not receive any other competing bids for the purchase of its assets and therefore Donald R. Clauson emerged as the winning bidder.