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| (Mark One) |                                                                                                     |
|------------|----------------------------------------------------------------------------------------------------------|
|       |                                                                                                     |
| þ     | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                  |
|       |                                                                                                     |
|       | For the quarterly period ended June 30, 2011                                                             |
|       |                                                                                                     |
| OR         |
| o          | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                 |
|       |                                                                                                     |
|       | For the transition period from______to______           |

| Nevada                                                        |   | 88-0212662                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |
|                                                          |   |                                |
| 2509 Dakota Rock Road, Ruskin, FL                             |   | 33570                               |
| (Address of principal executive offices)                      |   | (Zip Code)                          |

| Large accelerated filer o |   | Accelerated filer o |   | Non-accelerated filer o |   | Smaller reporting company þ |
|--------------------------------|--------|--------------------------|--------|------------------------------|--------|---------------------------------------|

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|                          |                                                                                                                                                                             |   | Page   |   |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
|                          |                                                                                                                                                                             |   |   |   |
| PART I. FINANCIAL INFORMATION |                                                                                                                                                                             |
|                          |                                                                                                                                                                             |
| Item 1.                       | Financial Statements:                                                                                                                                                            |   |   |   |
|                          | Balance Sheets as of June 30, 2011 (Unaudited) and December 31, 2010                                                                                                             |   |   | 3      |   |
|                          | (Unaudited) Statements of Operations for the Three and Six Months Ended June 30, 2011 and 2010 and for the period  from October 16 , 2009 (Inception) to June 30, 2011 |   |   | 4      |   |
|                          | (Unaudited) Statements of Cash Flows for the Six Months Ended June 30,  2011 and 2010 and for the period from October 16 , 2009 (Inception) to June 30, 2011           |   |   | 5      |   |
|                          | Notes to Financial Statements (Unaudited)                                                                                                                                        |   |   | 6      |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 2.                       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                      |   |   | 8      |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 3.                       | Quantitative and Qualitative Disclosures about Market Risk                                                                                                                       |   |   | 10     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 4.                       | Controls and Procedures                                                                                                                                                          |   |   | 20     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| PART II. OTHER INFORMATION    |                                                                                                                                                                             |
|                          |                                                                                                                                                                             |
| Item 1.                       | Legal Proceedings                                                                                                                                                                |   |   | 10     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 1A.                      | Risk Factors                                                                                                                                                                     |   |   | 10     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 2.                       | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                      |   |   | 11     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 3.                       | Defaults Upon Senior                                                                                                                                                             |   |   | 11     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 4.                       | [Removed and Reserved]                                                                                                                                                           |   |   | 11     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 5.                       | Other Information                                                                                                                                                                |   |   | 11     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| Item 6.                       | Exhibits                                                                                                                                                                         |   |   | 11     |   |
|                          |                                                                                                                                                                             |   |   |   |   |
| EX-31.1                       |                                                                                                                                                                             |   |   |   |   |
| EX-31.2                       |                                                                                                                                                                             |   |   |   |   |
| EX-32.1                       |                                                                                                                                                                             |   |   |   |   |
| EX-32.2                       |                                                                                                                                                                             |   |   |   |   |

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| Item 1.   | Financial Statements |
|--------------------------|----------------------|

|                                                                                                                   |   | June 30,    |        |   | December 31, |   |
|------------------------------------------------------------------------------------------------------------------------|--------|-------------|-------------|--------|--------------|--------|
|                                                                                                                   |   | 2011        |        |   | 2010         |   |
|                                                                                                                   |   | (Unaudited) |        |   |         |   |
| ASSETS                                                                                                                 |   |        |        |   |         |   |
| Current Assets                                                                                                         |   |        |        |   |         |   |
| Total current assets                                                                                                   |   | $           | -           |   |         | $      | - |   |
| Total Assets                                                                                                           |   | $           | -           |   |         | $      | - |   |
|                                                                                                                   |   |        |        |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                         |   |        |        |   |         |   |   |   |
| Current Liabilities:                                                                                                   |   |        |        |   |         |   |   |   |
| Accounts Payable                                                                                                       |   | $           | 25,598      |   |         | $      | 25,598 |   |
| Bank Overdraft                                                                                                         |   |        | -           |   |         |   | 311 |   |
| Loans payable                                                                                                          |   |        | 78,958      |   |         |   | 75,247 |   |
| Accrued Liabilities                                                                                                    |   |        | 248,859     |   |         |   | 237,150 |   |
| Total Liabilities                                                                                                      |   |        | 353,415     |   |         |   | 338,306 |   |
|                                                                                                                   |   |        |        |   |         |   |   |   |
| Commitments and Contingencies                                                                                          |   |        |        |   |         |   |   |   |
|                                                                                                                   |   |        |        |   |         |   |   |   |
| Stockholders' Equity (Deficit)                                                                                         |   |        |        |   |         |   |   |   |
| Common Stock-$.001 par value, 75,000,000 shares authorized; 52,518,999 shares issued and 52,514,749 shares outstanding |   |        | 52,519      |   |         |   | 52,519 |   |
| Paid-in Capital                                                                                                        |   |        | 25,439,953  |   |         |   | 25,439,953 |   |
| Retained deficit- Prior to Development Stage                                                                           |   |        | (25,689,281 | )      |         |   | (25,689,281 | ) |
| Deficit accumulated during the development stage                                                                       |   |        | (142,323    | )      |         |   | (127,214 | ) |
| Less Treasury Stock 4,250 shares, at cost                                                                              |   |        | (14,283     | )      |         |   | (14,283 | ) |
| Total Stockholders' Equity (Deficit)                                                                                   |   |        | (353,415    | )      |         |   | (338,306 | ) |
| Total Liabilities and Stockholders' Equity (Deficit)                                                                   |   | $           | -           |   |         | $      | - |   |

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|                                     |   | Three Months Ended |       |   | Six Months Ended |   |       | Inception to |   |
|------------------------------------------|--------|--------------------|------------|--------|------------------|--------|------------|--------------|--------|
|                                     |   | June 30,           |       |   | June 30,         |   |       | June 30,     |   |   | June 30, |   |   | June 30, |   |
|                                     |   | 2011               |       |   | 2010             |   |       | 2011         |   |   | 2010 |   |   | 2011 |   |
|                                     |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |
| Revenue                                  |   | $                  | -          |   |             | $      | -          |         |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                     |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating costs:                         |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative               |   |               | (337       | )      |             |   | 5,159      |         |   |   | 2,589 |   |   |   | 48,114 |   |   |   | 103,132 |   |
|                                     |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss)                  |   |               | 337        |   |             |   | (5,159     | )            |   |   | (2,589 | ) |   |   | (48,114 | ) |   |   | (103,132 | ) |
|                                     |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Other expense:                           |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                                 |   |               | (6,260     | )      |             |   | (5,498     | )            |   |   | (12,520 | ) |   |   | (10,805 | ) |   |   | (39,191 | ) |
|                                     |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss before income taxes                 |   |               | (5,923     | )      |             |   | (10,657    | )            |   |   | (15,109 | ) |   |   | (58,919 | ) |   |   | (142,323 | ) |
|                                     |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Income taxes                             |   |               | -          |   |             |   | -          |         |   |   | - |   |   |   | - |   |   |   | - |   |
|                                     |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                 |   | $                  | (5,923     | )      |             | $      | (10,657    | )            |   | $ | (15,109 | ) |   | $ | (58,919 | ) |   | $ | (142,323 | ) |
|                                     |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Per share information: Basic and Diluted |   |               |       |   |             |   |       |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss per share                       |   | $                  | (0.00      | )      |             | $      | (0.00      | )            |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   |   |   |   |
| Weighted average shares outstanding      |   |               | 52,514,749 |   |             |   | 52,514,749 |         |   |   | 52,514,749 |   |   |   | 52,514,749 |   |   |   |   |   |

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|                                                |   | Six Months Ended |   |   | Inception to |   |
|-----------------------------------------------------|--------|------------------|--------|--------|--------------|--------|
|                                                |   | June 30,         |   |   | June 30,     |   |   | June 30, |   |
|                                                |   | 2011             |   |   | 2010         |   |   | 2011 |   |
| Cash flows from operating activities:               |   |             |   |   |         |   |   |   |   |
| Net cash used in operating activities               |   | $                | 311    |   |         | $      | - |   |   | $ | (37,751 | ) |
|                                                |   |             |   |   |         |   |   |   |   |   |   |   |
| Cash flows from investing activities                |   |             | -      |   |         |   | - |   |   |   | - |   |
|                                                |   |             |   |   |         |   |   |   |   |   |   |   |
| Cash flows from financing activities                |   |             |   |   |         |   |   |   |   |   |   |   |
| Proceeds from loans payable                         |   |             | -      |   |         |   | - |   |   |   | 74,600 |   |
| Repayments of loans payable                         |   |             | -      |   |         |   | - |   |   |   | (36,849 | ) |
| Bank overdraft                                      |   |             | (311   | )      |         |   | - |   |   |   | - |   |
| Net cash provided by (used in) financing activities |   |             | (311   | )      |         |   | - |   |   |   | 37,751 |   |
|                                                |   |             |   |   |         |   |   |   |   |   |   |   |
| Net increase (decrease) in cash                     |   |             | -      |   |         |   | - |   |   |   | - |   |
| Cash beginning of period                            |   |             | -      |   |         |   | - |   |   |   | - |   |
| Cash end of period                                  |   | $                | -      |   |         | $      | - |   |   | $ | - |   |
|                                                |   |             |   |   |         |   |   |   |   |   |   |   |
| Cash paid for interest                              |   |             |   |   |         |   |   |   |   |   |   |   |
| Cash paid for income taxes                          |   | $                | -      |   |         | $      | - |   |   | $ | - |   |

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|                                    |   |   |    |
|-----------------------------------------|--------|--------|---------|
| Litigation judgment                     |   | $      | 100,501 |   |
| Accrued interest on litigation judgment |   |   | 148,358 |   |
| Total accrued liabilities               |   | $      | 248,859 |   |

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| Item 2.   | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|--------------------------|---------------------------------------------------------------------------------------------|

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| Item 3.   | Quantitative and Qualitative Disclosures about Market Risk |
|--------------------------|------------------------------------------------------------|

| Item 4.   | Controls and Procedures |
|--------------------------|-------------------------|

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| Item 1.   | Legal Proceedings |
|--------------------------|-------------------|

| Item 1A.   | Risk Factors |
|---------------------------|--------------|

| Item 2.   | Unregistered Sales of Equity Securities and Use of Proceeds |
|--------------------------|-------------------------------------------------------------|

| Item 3.   | Defaults Upon Senior Securities |
|--------------------------|---------------------------------|

| Item 4.   | [Removed and Reserved] |
|--------------------------|------------------------|

| Item 5.   | Other Information |
|--------------------------|-------------------|

| Item 6.   | Exhibits |
|--------------------------|----------|

| 31 .1   | Certification of CEO as required by Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31 .2   | Certification of CFO as required by Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32      | Certification of CEO and CFO Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                   |
| 101.INS | XBRL Instance Document                                                                                                                                                                 |
| 101.SCH | XBRL Schema Document                                                                                                                                                                   |
| 101.CAL | XBRL Calculation Linkbase Document                                                                                                                                                     |
| 101.DEF | XBRL Definition Linkbase Document                                                                                                                                                      |
| 101.LAB | XBRL Label Linkbase Document                                                                                                                                                           |
| 101.PRE | XBRL Presentation Linkbase Document                                                                                                                                                    |

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|                        | Shearson American REIT, Inc. (Registrant) |
|-----------------------------|-------------------------------------------|
|                        |                                      |   |
| Dated: August 22, 2013 |                                      |  /s/ John Williams |   |
|                        | By:                                  | John WilliamsChief Executive Officer and Chief Financial Officer |

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