SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
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                                    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) August 9, 2007


                            AMERICAN LAND LEASE, INC.
             (Exact name of registrant as specified in its charter)


            Delaware                    1-09360                84-1038736
(State or other jurisdiction of      (Commission File         (IRS Employer
 Incorporation or organization)          Number)           Identification No.)


             29399 US HWY 19 NORTH, SUITE 320, CLEARWATER, FL 33761

               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code (727) 726-8868


                                 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 (see General Instruction A.2. below):

[_]  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))




ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

The press release and supplemental operating and financial data of American Land
Lease,  Inc.,  dated August 9, 2007 attached hereto as Exhibit 99.1 is furnished
herewith. This press release and supplemental operating and financial data shall
not be deemed "filed" for purposes of Section 18 of the Securities  Exchange Act
of 1934,  nor shall it be deemed  incorporated  by reference in any filing under
the Securities Act of 1933.

American Land Lease will hold its' second quarter  earnings  conference  call on
August 9, 2007 at 9:30 a.m. Eastern Daylight Time to discuss second quarter 2007
results.  Participation  in the  conference  call can be  accessed  by  dialing,
toll-free,  (800) 374-5458 approximately five minutes before the conference call
is scheduled to begin or may also be accessed by replay by dialing  800-642-1687
and  requesting  information  from  conference  ID 11843847.  The replay will be
available for playback from 12:30 p.m.  eastern  daylight  time,  August 9, 2007
until midnight on August 16, 2007. Please note that the full text of the release
and supplemental  schedules are available  through American Land Lease's website
at www.americanlandlease.com. The information contained on American Land Lease's
website is not incorporated by reference herein.

ITEM 7.01. REGULATION FD DISCLOSURE

The information provided in Item 2.02 is incorporated herein by reference.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS


The following exhibit is furnished with this report:

EXHIBIT NO.                      DESCRIPTION
-----------                      -----------

99.1                 Second Quarter 2007 Earnings Press Release and Supplemental
                     Financial Data American Land Lease dated August 9, 2007.


                                    SIGNATURE

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 LAND LEASE INC.
                                  (Registrant)


                             By /s/ Shannon E. Smith
                                --------------------
                                Shannon E. Smith
                                Chief Financial Officer




Date:  August 9, 2007





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                                  EXHIBIT INDEX


EXHIBIT NO.                      DESCRIPTION
-----------                      -----------

99.1                 Second Quarter 2007 Earnings Press Release and Supplemental
                     Financial Data American Land Lease dated August 9, 2007.

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