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Tags
Director departure
Asset disposition
ACRE REALTY INVESTORS INC (AIII)
Create:
Alert
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Date Filed
Type
Description
10/31/2013
8-K
Asset disposition
Docs:
"
ROBERTS REALTY INVESTORS, INC. ANNOUNCES SALE OF NORTHRIDGE OFFICE BUILDING ATLANTA, GA — Roberts Realty Investors, Inc. announces that it has completed the sale of its Northridge Office Building to the Fulton County Board of Education. The sales price was $5.28 million and at the closing, the company paid off the $2.4 million of debt secured by the property. Mr. Charles S. Roberts, the company's president and chief executive officer, stated: “Completing this sale provides us with $2.52 million to continue the development of our 154 unit Bradley Park apartments located in Forsyth County, Georgia, which is ranked as America's 7th fastest growing county by Forbes Magazine. We expect to start construction on the Bradley Park apartments in the first quarter of 2014.” Mr. Roberts continued: “In...
"
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