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  <TITLE> American Financial Realty Trust (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	May 15, 2007
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  	American Financial Realty Trust
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Maryland
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  	001-31678
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  	020604479
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	610 Old York Road, Jenkintown, Pennsylvania
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  	19046
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	215-887-2280
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 2.01 Completion of Acquisition or Disposition of Assets.
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  On May 15, 2007, the Company completed the sale of the Fireman&#x2019;s Fund Headquarters, a three building Class "A" office campus located in Novato, California, to a joint venture between American Assets, Inc. and a large pension fund. The property, which is 100% leased to Fireman&#x2019;s Fund Insurance Company under a lease agreement which expires in November 2018, was sold for a purchase price of $312 million. The net proceeds from the sale, after transaction expenses and assumption of debt by the purchaser, were approximately $122 million to the Company. Other than the transaction described in this Current Report, there are no material relationships between the Company or any of its affiliates, directors or officers, or any associate of any such director or officer, and the purchaser of the property, including the two joint venture partners.<br><br>This property was designated as a held for sale asset as of December 31, 2006. Accordingly, the operating results for this property were classified within discontinued operations in the consolidated statements of operations for the year ended December 31, 2006, which are included in the Company's Form 10-K filed on March 1, 2007.<br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	American Financial Realty Trust
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  <I>
  	May 18, 2007
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  	By:
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  <I>
  	Edward J. Matey Jr.
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  <I>
  	Name: Edward J. Matey Jr.
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  	Title: Executive Vice President and General Counsel
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_20401.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9476}]
metadata_filer: {"company-data": {"conformed-name": "AMERICAN FINANCIAL REALTY TRUST", "cik": "0001193558", "assigned-sic": "6798", "irs-number": "020604479"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31678", "film-number": "07863265"}, "business-address": {"street1": "1725 THE FAIRWAY", "city": "JENKINTOWN", "state": "PA", "zip": "19046", "phone": "215-887-2280"}}
text: American Financial Realty Trust (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  May 15, 2007
  American Financial Realty Trust
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Maryland
  001-31678
  020604479
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  610 Old York Road, Jenkintown, Pennsylvania
  19046
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  215-887-2280
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 2.01 Completion of Acquisition or Disposition of Assets.
  On May 15, 2007, the Company completed the sale of the Fireman's Fund Headquarters, a three building Class "A" office campus located in Novato, California, to a joint venture between American Assets, Inc. and a large pension fund. The property, which is 100% leased to Fireman's Fund Insurance Company under a lease agreement which expires in November 2018, was sold for a purchase price of $312 million. The net proceeds from the sale, after transaction expenses and assumption of debt by the purchaser, were approximately $122 million to the Company. Other than the transaction described in this Current Report, there are no material relationships between the Company or any of its affiliates, directors or officers, or any associate of any such director or officer, and the purchaser of the property, including the two joint venture partners.
  This property was designated as a held for sale asset as of December 31, 2006. Accordingly, the operating results for this property were classified within discontinued operations in the consolidated statements of operations for the year ended December 31, 2006, which are included in the Company's Form 10-K filed on March 1, 2007.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  American Financial Realty Trust
  May 18, 2007
  By:
  Edward J. Matey Jr.
  Name: Edward J. Matey Jr.
  Title: Executive Vice President and General Counsel