Roberts Realty Investors (RPI) 1.40 $RPI
Roberts Realty Investors, Inc. Closes Investment by Affiliate of Avenue Capital Group and Island Capital Group
PR Newswire - Fri Jan 30, 3:39PM CST
Roberts Realty Investors, Inc. (NYSE MKT: RPI) (the "Company"
announces that today it closed the transactions contemplated by the previously announced 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.
RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Names D.F. King As Proxy Solicitor For Special Meeting Of Shareholders
PR Newswire - Wed Jan 07, 7:00AM CST
Roberts Realty Investors, Inc. (NYSE/MKT: RPI) announces that on January 5, 2015 it retained D.F. King & Co., Inc., a division of American Stock Transfer & Trust Company, LLC, as its proxy solicitor for the special meeting of the Company's shareholders to be held on January 22, 2015. The special meeting relates to the Company's definitive stock purchase agreement dated November 19, 2014 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. The Company's board of directors has unanimously approved the following proposals to be submitted to the Company's shareholders for their approval at the special meeting:
RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Announces Acceptance Of Listing Compliance Plan By The NYSE MKT Stock Exchange
PR Newswire - Tue Jan 06, 5:15PM CST
Roberts Realty Investors, Inc. (NYSE/MKT:RPI) announces that on December 31, 2014 the Company received a letter from the NYSE MKT stock exchange (the Exchange) accepting the Company's listing compliance plan, which it submitted to the Exchange on December 5, 2014. Under the plan, the Company has until February 18, 2015 to regain compliance with the continued listing standards of the Exchange.
RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Announces Filing Of Preliminary Proxy Statement For Special Meeting Of Shareholders And Provides Update On Filing Of Compliance Plan
PR Newswire - Wed Dec 17, 7:00AM CST
Roberts Realty Investors, Inc. (NYSE/MKT: RPI) announces that on December 11, 2014, the Company filed its preliminary proxy statement with the SEC regarding a special meeting of the Company's shareholders, currently anticipated to be held on January 22, 2015. The special meeting concerns the Company's definitive stock purchase agreement dated November 19, 2014 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. The Company's board of directors has unanimously approved the following proposals to be submitted to the Company's shareholders for their approval at the special meeting:
RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Announces Receipt Of Notice Of Noncompliance From The NYSE MKT Stock Exchange
PR Newswire - Mon Nov 24, 3:10PM CST
Roberts Realty Investors, Inc. (NYSE/MKT:RPI) announces that the Company received a notice of noncompliance from the NYSE MKT stock exchange (the "Exchange" on November 20, 2014. The notice advised the Company that it was not in compliance with Sections 134 and 1101 of the Exchange's Company Guide (the "Company Guide" due to the Company's failure to timely file with the SEC its quarterly report on Form 10-Q for the quarter ended September 30, 2014 (the "Form 10-Q" . In addition, the Exchange asserted in the notice that the Company's failure to file the Form 10-Q in a timely manner is a material violation of its listing agreement with the Exchange. Under the Exchange's rules, the Company has until December 5, 2014 to submit a plan advising the Exchange of action it has taken, or will take, that would bring the Company back into compliance with Sections 134 and 1101 of the Company Guide by no later than February 18, 2015. The Company intends to submit such a plan to the Exchange on or before December 5, 2014.
RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Announces Agreement For $12 Million Investment By Affiliates Of Avenue Capital Group And Island Capital Group
PR Newswire - Wed Nov 19, 3:10PM CST
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.
RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Closes Investment by Affiliate of Avenue Capital Group and Island Capital Group
PR Newswire - Fri Jan 30, 3:39PM CST
Roberts Realty Investors, Inc. (NYSE MKT: RPI) (the "Company"
announces that today it closed the transactions contemplated by the previously announced 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. RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Names D.F. King As Proxy Solicitor For Special Meeting Of Shareholders
PR Newswire - Wed Jan 07, 7:00AM CST
Roberts Realty Investors, Inc. (NYSE/MKT: RPI) announces that on January 5, 2015 it retained D.F. King & Co., Inc., a division of American Stock Transfer & Trust Company, LLC, as its proxy solicitor for the special meeting of the Company's shareholders to be held on January 22, 2015. The special meeting relates to the Company's definitive stock purchase agreement dated November 19, 2014 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. The Company's board of directors has unanimously approved the following proposals to be submitted to the Company's shareholders for their approval at the special meeting: RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Announces Acceptance Of Listing Compliance Plan By The NYSE MKT Stock Exchange
PR Newswire - Tue Jan 06, 5:15PM CST
Roberts Realty Investors, Inc. (NYSE/MKT:RPI) announces that on December 31, 2014 the Company received a letter from the NYSE MKT stock exchange (the Exchange) accepting the Company's listing compliance plan, which it submitted to the Exchange on December 5, 2014. Under the plan, the Company has until February 18, 2015 to regain compliance with the continued listing standards of the Exchange.
RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Announces Filing Of Preliminary Proxy Statement For Special Meeting Of Shareholders And Provides Update On Filing Of Compliance Plan
PR Newswire - Wed Dec 17, 7:00AM CST
Roberts Realty Investors, Inc. (NYSE/MKT: RPI) announces that on December 11, 2014, the Company filed its preliminary proxy statement with the SEC regarding a special meeting of the Company's shareholders, currently anticipated to be held on January 22, 2015. The special meeting concerns the Company's definitive stock purchase agreement dated November 19, 2014 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. The Company's board of directors has unanimously approved the following proposals to be submitted to the Company's shareholders for their approval at the special meeting: RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Announces Receipt Of Notice Of Noncompliance From The NYSE MKT Stock Exchange
PR Newswire - Mon Nov 24, 3:10PM CST
Roberts Realty Investors, Inc. (NYSE/MKT:RPI) announces that the Company received a notice of noncompliance from the NYSE MKT stock exchange (the "Exchange"
on November 20, 2014. The notice advised the Company that it was not in compliance with Sections 134 and 1101 of the Exchange's Company Guide (the "Company Guide" due to the Company's failure to timely file with the SEC its quarterly report on Form 10-Q for the quarter ended September 30, 2014 (the "Form 10-Q" . In addition, the Exchange asserted in the notice that the Company's failure to file the Form 10-Q in a timely manner is a material violation of its listing agreement with the Exchange. Under the Exchange's rules, the Company has until December 5, 2014 to submit a plan advising the Exchange of action it has taken, or will take, that would bring the Company back into compliance with Sections 134 and 1101 of the Company Guide by no later than February 18, 2015. The Company intends to submit such a plan to the Exchange on or before December 5, 2014. RPI: 1.40 (+0.04)
Roberts Realty Investors, Inc. Announces Agreement For $12 Million Investment By Affiliates Of Avenue Capital Group And Island Capital Group
PR Newswire - Wed Nov 19, 3:10PM CST
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. RPI: 1.40 (+0.04)
