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Full Value Advisors, LLC
> RPI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2009 | ACRE REALTY INVESTORS INC | RPI | 745,002 | 388,012 | 1,080,000 | -1,508,000 | $1.45 |
| 06/30/2009 | ACRE REALTY INVESTORS INC | RPI | 745,002 | 366,912 | 622,000 | -1,527,000 | $0.83 |
| 03/31/2009 | ACRE REALTY INVESTORS INC | RPI | 739,702 | 361,612 | 631,000 | -1,518,000 | $0.85 |
| 12/31/2008 | ACRE REALTY INVESTORS INC | RPI | 374,762 | -3,328 | 288,000 | -1,861,000 | $0.77 |
| 09/30/2008 | ACRE REALTY INVESTORS INC | RPI | 378,063 | -27 | 1,513,000 | -636,000 | $4.00 |
| 06/30/2008 | ACRE REALTY INVESTORS INC | RPI | 378,090 | 21,100 | 2,149,000 | -439,000 | $5.68 |
| 03/31/2008 | ACRE REALTY INVESTORS INC | RPI | 356,990 | 29,890 | 2,588,000 | 102,000 | $7.25 |
| 12/31/2007 | ACRE REALTY INVESTORS INC | RPI | 328,100 | 1,000 | 2,172,000 | -314,000 | $6.62 |
| 09/30/2007 | ACRE REALTY INVESTORS INC | RPI | 327,100 | 3,500 | 2,486,000 | -7,000 | $7.60 |
| 06/30/2007 | ACRE REALTY INVESTORS INC | RPI | 323,600 | 38,800 | 2,493,000 | 244,000 | $7.70 |
| 03/31/2007 | ACRE REALTY INVESTORS INC | RPI | 284,800 | 234,200 | 2,249,000 | 1,848,000 | $7.90 |
| 12/31/2006 | ACRE REALTY INVESTORS INC | RPI | 50,600 | 50,600 | 401,000 | 401,000 | $7.92 |
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