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| (Mark One) |   |                                                                                     |
|------------|--------|------------------------------------------------------------------------------------------|
|       |   |                                                                                     |
| x          |   | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |
|       |   |                                                                                     |
|       |   | For the quarterly period ended Sept 30, 2012                                             |
|       |   |                                                                                     |
| 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 of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
|                                                           |   |                                 |
| 1059 Redondo Drive, Los Angeles, CA                            |   | 90019                                |
| (Address of principal executive offices)                       |   | (Zip Code)                           |

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

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|                          |                                                                                                                                                                                             |   | Page   |   |
|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
|                          |                                                                                                                                                                                             |   |   |   |
| PART I. FINANCIAL INFORMATION |
|                          |                                                                                                                                                                                             |
| Item 1.                       | Financial Statements:                                                                                                                                                                            |   |   |   |
|                          |                                                                                                                                                                                             |   |   |   |
|                          | Balance Sheets as of September 30, 2012 (Unaudited) and December 31, 2011                                                                                                                        |   |   | 3      |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
|                          | (Unaudited) Statements of Operations for the three and nine months, Ended September 30, 2012 and 2011 and for the period  from October 16, 2009 (Inception) to September 30, 2012 |   |   | 4      |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
|                          | (Unaudited) Statements of Cash Flows for the  Nine Months Ended September 30,  2012 and 2011 and for the period from October 16, 2009 (Inception) to September 30, 2012      |   |   | 5      |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
|                          | Notes to Financial Statements (Unaudited)                                                                                                                                                        |   |   | 6      |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 2.                       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                      |   |   | 9      |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 3.                       | Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                       |   |   | 11     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 4.                       | Controls and Procedures                                                                                                                                                                          |   |   | 12     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| PART II. OTHER INFORMATION    |
|                          |                                                                                                                                                                                             |
| Item 1.                       | Legal Proceedings                                                                                                                                                                                |   |   | 13     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 1A.                      | Risk Factors                                                                                                                                                                                     |   |   | 13     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 2.                       | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                      |   |   | 13     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 3.                       | Defaults Upon Senior                                                                                                                                                                             |   |   | 13     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 4.                       | Mine Safety Disclosures                                                                                                                                                                          |   |   | 13     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 5.                       | Other Information                                                                                                                                                                                |   |   | 13     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| Item 6.                       | Exhibits                                                                                                                                                                                         |   |   | 14     |   |
|                          |                                                                                                                                                                                             |   |   |   |   |
| EX-31.1                       |                                                                                                                                                                                             |   |   |   |   |
| EX-31.2                       |                                                                                                                                                                                             |   |   |   |   |
| EX-32.1                       |                                                                                                                                                                                             |   |   |   |   |
| EX-32.2                       |                                                                                                                                                                                             |   |   |   |   |

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

| SHEARSON AMERICAN REIT, INC.  |
|-------------------------------|
| (Formerly Known As PSA, INC.) |
| (A Development Stage Company) |
| BALANCE SHEETS                |

|                                                                                                  |   | September 30, |        |   | December 31, |   |
|-------------------------------------------------------------------------------------------------------|--------|---------------|-------------|--------|--------------|--------|
|                                                                                                  |   | 2012          |        |   | 2011         |   |
|                                                                                                  |   | (Unaudited)   |        |   |         |   |
| ASSETS                                                                                                |   |          |        |   |         |   |
| Current Assets                                                                                        |   |          |        |   |         |   |
| Total current assets                                                                                  |   | $             | -           |   |         | $      | - |   |
|     Total Assets                                                                  |   | $             | -           |   |         | $      | - |   |
|                                                                                                  |   |          |        |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                        |   |          |        |   |         |   |   |   |
| Current Liabilities:                                                                                  |   |          |        |   |         |   |   |   |
| Accounts Payable                                                                                      |   | $             | 30,598      |   |         | $      | 27,598 |   |
| Loans payable                                                                                         |   |          | 108,985     |   |         |   | 102,768 |   |
| Accrued Liabilities                                                                                   |   |          | 272,152     |   |         |   | 253,165 |   |
|     Total Liabilities                                                             |   |          | 411,735     |   |         |   | 383,531 |   |
|                                                                                                  |   |          |        |   |         |   |   |   |
| 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                                                                                       |   |          | 25,447,453  |   |         |   | 25,442,953 |   |
| Retained deficit- Prior to Development Stage                                                          |   |          | (25,689,280 | )      |         |   | (25,689,280 | ) |
| Deficit accumulated during the development stage                                                      |   |          | (208,144    | )      |         |   | (175,440 | ) |
| Less Treasury Stock 4,250 shares, at cost                                                             |   |          | (14,283     | )      |         |   | (14,283 | ) |
|     Total Stockholders' Equity (Deficit)                                          |   |          | (411,735    | )      |         |   | (383,531 | ) |
|     Total Liabilities and Stockholders' Equity (Deficit)                          |   | $             | -           |   |         | $      | - |   |

----

| SHEARSON AMERICAN REIT, INC.                                   |
|----------------------------------------------------------------|
| (Formerly Known As PSA, INC.)                                  |
| (A Development Stage Company)                                  |
| STATEMENTS OF OPERATIONS                                       |
| Three and Nine Months Ended September 30, 2012 and 2011, and   |
| Period From Inception (October 16, 2009) to September 30, 2012 |
| (Unaudited)                                                    |

|                                     |   | Three Months Ended |       |   | Nine Months Ended |   |       | Inception to  |   |
|------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|------------|---------------|--------|
|                                     |   | September 30,      |       |   | September 30,     |   |       | September 30, |   |   | September 30, |   |   | September 30, |   |
|                                     |   | 2012               |       |   | 2011              |   |       | 2012          |   |   | 2011 |   |   | 2012 |   |
|                                     |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |
| Revenue                                  |   | $                  | -          |   |              | $      | -          |          |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                     |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating costs:                         |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative               |   |               | 3,000      |   |              |   | 17,500     |          |   |   | 12,500 |   |   |   | 20,089 |   |   |   | 143,632 |   |
|                                     |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss)                  |   |               | (3,000     | )      |              |   | (17,500    | )             |   |   | (12,500 | ) |   |   | (20,089 | ) |   |   | (143,632 | ) |
|                                     |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Other expense:                           |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                                 |   |               | (6,735     | )      |              |   | (6,260     | )             |   |   | (20,204 | ) |   |   | (18,780 | ) |   |   | (64,512 | ) |
|                                     |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss before income taxes                 |   |               | (9,735     | )      |              |   | (23,760    | )             |   |   | (32,704 | ) |   |   | (38,869 | ) |   |   | (208,144 | ) |
|                                     |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Income taxes                             |   |               | -          |   |              |   | -          |          |   |   | - |   |   |   | - |   |   |   | - |   |
|                                     |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                 |   | $                  | (9,735     | )      |              | $      | (23,760    | )             |   | $ | (32,704 | ) |   | $ | (38,869 | ) |   | $ | (208,144 | ) |
|                                     |   |               |       |   |              |   |       |          |   |   |   |   |   |   |   |   |   |   |   |   |
| 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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| SHEARSON AMERICAN REIT, INC.                                   |
|----------------------------------------------------------------|
| (Formerly Known As PSA, INC.)                                  |
| (A Development Stage Company)                                  |
| STATEMENTS OF CASH FLOWS                                       |
| Nine Months Ended September 30, 2012 and 2011, and             |
| Period From Inception (October 16, 2009) to September 30, 2012 |
| (Unaudited)                                                    |

|                                                |   | Nine Months Ended |   |   | Inception to  |   |
|-----------------------------------------------------|--------|-------------------|--------|--------|---------------|--------|
|                                                |   | September 30,     |   |   | September 30, |   |   | September 30, |   |
|                                                |   | 2012              |   |   | 2011          |   |   | 2012 |   |
| Cash flows from operating activities:               |   |              |   |   |          |   |   |   |   |
| Net cash provided by (used in) operating activities |   | $                 | -      |   |          | $      | 311 |   |   | $ | (37,751 | ) |
|                                                |   |              |   |   |          |   |   |   |   |   |   |   |
| Cash flows from investing activities                |   |              | -      |   |          |   | - |   |   |   | - |   |
|                                                |   |              |   |   |          |   |   |   |   |   |   |   |
| Cash flows from financing activities                |   |              |   |   |          |   |   |   |   |   |   |   |
| Proceeds from loans payable                         |   |              | -      |   |          |   | - |   |   |   | 74,600 |   |
| Bank overdraft                                      |   |              | -      |   |          |   | (311 | ) |   |   | - |   |
| Repayments of loans payable                         |   |              | -      |   |          |   | - |   |   |   | (36,849 | ) |
| 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 |   |   | 171,651 |   |
| Total accrued liabilities               |   | $      | 272,152 |   |

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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 |
|--------------------------|------------------------------------------------------------|

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| 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.   | Mine Safety Disclosures |
|--------------------------|-------------------------|

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

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| 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 D. Williams    |   |
|                   |                                      | John D. Williams        |   |
|                   |                                      | Chairman of the Board   |   |
|                   |                                      |                    |   |
|                   |                                      | /s/ John D. Williams    |   |
|                   |                                      | John D. Williams        |   |
|                   |                                      | Chief Financial Officer |   |

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