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Roberts Realty Investors, Inc. Stock Quote & Summary Data

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Exchange: AMEX
Industry: Consumer Services
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Company Description (as filed with the SEC)

Roberts Realty Investors, Inc. is a self-administered, self-managed equity real estate investment trust, or REIT. Our business is to acquire, develop, construct, own, and manage multifamily apartment communities. We currently own the following properties, all of which are located in metropolitan Atlanta, Georgia: · three tracts of land totaling 71 acres, zoned for 584 multifamily apartment units, that are in various phases of development and construction; and · two tracts of land totaling 11 acres that are held for sale, including a 1.3-acre tract which is under contract to be sold (these assets are classified as real estate assets held for sale in our consolidated balance sheets). In the near term, we intend to focus exclusively on developing, constructing, and managing high quality multifamily apartment communities for cash flow and long-term capital appreciation.  ... More ...  

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