-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 StTBSNm2qRuEo+vYXt3C4c7xb3PksyVTwrQwxxEbNiVN4blcNabMJK9UyRXHPWn4
 DlqaqaOhReHeQ3jP6eGp5g==

<SEC-DOCUMENT>0001458021-10-000001.txt : 20100329
<SEC-HEADER>0001458021-10-000001.hdr.sgml : 20100329
<ACCEPTANCE-DATETIME>20100326174833
ACCESSION NUMBER:		0001458021-10-000001
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100329
DATE AS OF CHANGE:		20100326
EFFECTIVENESS DATE:		20100329

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPECIALTY TRUST INC
		CENTRAL INDEX KEY:			0001062565
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				880382463
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-79913
		FILM NUMBER:		10708818

	BUSINESS ADDRESS:	
		STREET 1:		6160 PLUMAS ST
		CITY:			RENO
		STATE:			NV
		ZIP:			89519
		BUSINESS PHONE:		7758260809

	MAIL ADDRESS:	
		STREET 1:		6160 PLUMAS ST
		CITY:			RENO
		STATE:			NV
		ZIP:			89519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPECIALTY MORTGAGE TRUST INC
		DATE OF NAME CHANGE:	20000522
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001062565</cik>
        <entityName>SPECIALTY TRUST INC</entityName>
        <issuerAddress>
            <street1>6160 PLUMAS ST</street1>
            <city>RENO</city>
            <stateOrCountry>NV</stateOrCountry>
            <zipCode>89519</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>7758260809</issuerPhoneNumber>
        <jurisdictionOfInc>MARYLAND</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>SPECIALTY MORTGAGE TRUST INC</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Nello III</firstName>
                <lastName>Gonfiantini</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6160 Plumas Street</street1>
                <city>Reno</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89519</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Grace</firstName>
                <middleName>C.</middleName>
                <lastName>Caudill</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6160 Plumas Street</street1>
                <city>Reno</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89519</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Don</firstName>
                <lastName>Gieseke</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6160 Plumas Street</street1>
                <city>Reno</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89519</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Nazir</firstName>
                <lastName>Ansari</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6160 Plumas Street</street1>
                <city>Reno</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89519</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Harvey</firstName>
                <middleName>C.</middleName>
                <lastName>Fennell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6160 Plumas Street</street1>
                <city>Reno</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89519</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <middleName>V.</middleName>
                <lastName>Novacek</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6160 Plumas Street</street1>
                <city>Reno</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89519</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ernest</firstName>
                <lastName>Martinelli</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6160 Plumas Street</street1>
                <city>Reno</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89519</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>J.</middleName>
                <lastName>Mines</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6160 Plumas Street</street1>
                <city>Reno</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89519</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>REITS and Finance</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$5,000,001 - $25,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001458021-09-000006</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-06-20</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isDebtType>true</isDebtType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>10000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Specialty Capital, LLC</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Specialty Capital, LLC</associatedBDName>
                <associatedBDCRDNumber>144215</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6160 Plumas Street</street1>
                    <city>Reno</city>
                    <stateOrCountry>NV</stateOrCountry>
                    <zipCode>89519</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>200000000</totalOfferingAmount>
            <totalAmountSold>64656058</totalAmountSold>
            <totalRemaining>135343942</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>21</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>219</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>600000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>SPECIALTY TRUST INC</issuerName>
                <signatureName>Phillip R. Pollock</signatureName>
                <nameOfSigner>Phillip R. Pollock</nameOfSigner>
                <signatureTitle>Assistant Secretary</signatureTitle>
                <signatureDate>2010-03-26</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----