News

Roberts Realty Investors, Inc. Announces Agreement For $12 Million Investment By Affiliates Of Avenue Capital Group And Island Capital Group

Posted on 11/19/2014 by SuperUser Account

ATLANTA, Nov. 19, 2014 /PRNewswire/ -- Roberts Realty Investors, Inc. (NYSE MKT: RPI) (the "Company") today announced that it has signed a definitive stock purchase agreement with A-III Investment Partners LLC (A-III), a joint venture between affiliates of Avenue Capital Group and C-III Capital Partners LLC, which is controlled by Island Capital Group LLC. Under the agreement, A-III has agreed to purchase $12.0 million of the Company's common stock at a purchase price per share to be determined based on an estimate of the Company's closing date net asset value, which is currently expected to be approximately $1.40 per share. At the closing, the Company also would issue to A-III warrants to purchase up to an additional $38.0 million of the Company's common stock at an exercise price equal to the same purchase price per share. The actual purchase price for the shares, number of shares to be issued and exercise price of the warrants will be determined immediately before closing and will be subject to a post-closing adjustment upon the sale of the Company's four existing properties as discussed further below.

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NAI Global Announces New Member Firm in New York City

Posted on 11/12/2014 by SuperUser Account

EVO Real Estate Group Joins Largest Independent Commercial Real Estate Network

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