Roberts Realty Investors, Inc. Reduces Debt and Refinances Loan

Share Name	Share Symbol	Market	Type
	AMEX:RPI	AMEX	Common Stock

Share Name

Share Symbol

Market

Type

AMEX:RPI

AMEX

Common Stock

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	1.40				0	01:00:00

Price Change

% Change

Share Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.00

0.00%

1.40

01:00:00

Roberts Realty Investors, Inc. Reduces Debt and Refinances Loan

09/04/2009 2:00pm

PR Newswire (US)

Roberts (AMEX:RPI)
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ATLANTA, April 9 /PRNewswire-FirstCall/ -- Roberts Realty Investors, Inc. (NYSE Alternext US: RPI) announces that it has reduced its debt by $577,000 through refinancing its $4,077,000 Wachovia Bank land loan. To pay off the Wachovia loan, the company used the proceeds of a new $3,500,000 loan from Touchmark National Bank along with $577,000 of its available cash. The loan is secured by the company's 38-acre Highway 20 land in Cumming, Georgia and is scheduled to mature on October 8, 2010. Mr. Charles S. Roberts, President, stated: "We are pleased to be able to refinance this land loan for 18 months, especially during these difficult economic times. The terms of the loan are consistent with our financial strategy to deleverage our balance sheet and extend our debt maturities well into 2010. In addition, this has provided us with the opportunity to start a new relationship with Touchmark National Bank." About Roberts Realty Investors, Inc. Roberts Realty Investors, Inc. is a self-administered, self-managed equity real estate investment trust based in Atlanta. DATASOURCE: Roberts Realty Investors, Inc. CONTACT: Charles S. Roberts, President, Roberts Realty Investors, Inc., +1-770-394-6000, Fax, +1-770-551-5914

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