Last $0.79 USD
Change Today +0.0098 / 1.26%
Volume 3.7K
RPI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 4:15 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

roberts realty investors inc (RPI) Snapshot

Open
$0.79
Previous Close
$0.78
Day High
$0.79
Day Low
$0.79
52 Week High
10/25/13 - $1.15
52 Week Low
03/31/14 - $0.66
Market Cap
7.9M
Average Volume 10 Days
3.9K
EPS TTM
$-0.14
Shares Outstanding
10.1M
EX-Date
12/24/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ROBERTS REALTY INVESTORS INC (RPI)

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roberts realty investors inc (RPI) Details

Roberts Realty Investors, Inc. operates as a real estate investment trust (REIT) that primarily engages in the ownership and operation of multifamily residential properties in the United States. As of September 30, 2005, the company owned two multifamily apartment communities totaling 403 residential units in the Atlanta metropolitan area; three retail centers totaling 121,477 square feet, including a 39,205 square feet retail center, which was in its lease-up phase; and a 37,864 square feet commercial office building, which was also in its lease-up phase. It also owned 5 tracts of undeveloped land totaling 67 acres in various phases of development and a 44 acre tract of land that was held for investment, as of the above date. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to federal income tax, provided it distributes at least 90% of its REIT taxable income to its stockholders. Roberts Realty Investors was formed in 1994 and is headquartered in Atlanta, Georgia.

Founded in 1994

roberts realty investors inc (RPI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2013.

roberts realty investors inc (RPI) Key Developments

Roberts Realty Investors Inc. Renews its $5,500,000 North Springs Land Loan with North Springs Financial, LLC

On August 18, 2014, Roberts Realty Investors Inc. renewed its $5,500,000 North Springs land loan with North Springs Financial, LLC in accordance with the terms of the July 18, 2013 loan documents. The renewal extended the maturity date to January 17, 2015. The renewed and extended loan continues to require monthly interest only payments at an interest rate of 13% per annum. Upon the renewal, the company paid a 1.0% extension fee and increased the interest reserve by $178,750 to fund the monthly interest only payments during the extension term. The loan is secured by North Springs rail station property, and the company will pay the lender a 1% repayment fee upon a sale of the North Springs property or the repayment of the North Springs loan.

Roberts Realty Investors, Inc. Renews its $5,500,000 North Springs Land Loan with North Springs Financial, LLC

On June 6, 2014, Roberts Realty Investors Inc. renewed its $5,500,000 North Springs land loan with North Springs Financial, LLC as permitted under the terms of the July 18, 2013 loan documents. The renewal extended the maturity date to October 17, 2014. The renewed loan continues to require monthly interest only payments at an interest rate of 13% per annum. Upon the renewal, the company paid a 1.0% extension fee and increased the interest reserve by $178,750 to pay the monthly interest only payments during the extension term. The company can extend the loan for an additional three months to January 17, 2015 by paying a 1.0% extension fee and funding the interest reserve during the additional extension term. The loan is secured by the company’s North Springs rail station property. Upon the sale of the North Springs property, the company will pay off the $5,500,000 loan and will pay the lender a 1% repayment fee.

Roberts Realty Investors Inc. Announces Second Loan Modification Agreement

Roberts Realty Investors Inc. announced that on April 3, 2014, effective as of April 1, 2014, the company executed and delivered the Second Loan Modification Agreement to renew $3,000,000 Bradley Park land loan with Synovus Bank, which extended the maturity date to April 1, 2015. The renewed loan requires monthly interest only payments at an interest rate equal to 350 basis points over the 30-day LIBOR rate, with an interest rate floor of 4.75%. The loan is secured by Bradley Park, which is a 22-acre site near the GA-400 and Highway 20 interchange, zoned for 154 multifamily units. The property is in Forsyth County, Georgia, which is ranked as America's 7th fastest growing county by Forbes magazine. Bradley Park is located in close proximity to the Northside Hospital - Forsyth complex, which employs more than 2,200 physicians and 1,800 employees.

 

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