| Business Summary | | Roberts
Realty
Investors
Inc.
owns
and
operates
multifamily
residential
properties
as
a
self-administered,
self-managed
equity
real
estate
investment
trust.
The
Company
conducts
its
business
through
Roberts
Properties
Residential,
L.P.,
which
is
its
operating
partnership.
The
operating
partnership
owns
all
the
Company's
properties.
The
Company
owns
seven
existing
multifamily
apartment
communities
containing
a
total
of
1,481
apartment
homes
and
three
communities
under
construction
that
will
contain
approximately
854
apartment
homes.
Seven
of
its
communities
(River
Oaks,
Plantation
Trace,
Preston
Oaks,
Highland
Park,
Crestmark,
Addison
Place
phase
one,
and
Bradford
Creek),
containing
a
total
of
1,481
apartment
units,
are
stabilized.
Addison
Place's
second
phase,
totaling
285
apartment
homes,
Ballantyne,
totaling
319
apartment
homes,
and
Old
Norcross,
totaling
250
apartment
homes,
are
under
construction. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Roberts
Realty
Investors
is
a
real
estate
investment
trust
(REIT)
engaged
in
the
ownership
and
operation
of
multifamily
residential
properties.
As
of
3/01,
the
Company
owned
seven
communities
containing
a
total
of
1,481
apartment
homes.
For
the
six
months
ended
6/30/01,
total
revenues
fell
4%
to
$9.7
million.
Net
income
before
extraordinary
item
totaled
$5.5
million,
up
from
$2.4
million.
Results
reflect
lower
rental
revenues,
offset
by
increased
property
sale
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Roberts, 54 Chairman,
CEO, Pres | $150K | Ronald Johnson, 44 VP-Property
Maintenance | -- | Charles Elliott, 47 Sec.,
Treasurer, CFO | 153K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|