Roberts Realty Investors, Inc. Updates Status of Peachtree Parkway Sale
PR Newswire - Thu Jan 10, 7:30AM CST
Roberts Realty Investors, Inc. (NYSE MKT: RPI) announces that the sale of its 20 acre Peachtree Parkway property to Lennar Multifamily Investors, LLC for a net sales price of $7,090,000 is scheduled to close on February 7, 2013. Lennar completed its due diligence on the Peachtree Parkway property on January 4, 2013 and in accordance with the terms of the sales contract its $300,000 earnest money deposit is now non-refundable.