Roberts Realty Investors Inc Sample Contracts

Acre Realty Investors Inc – ACRE Realty Investors Inc. Announces Filing of Proxy Materials Seeking Shareholder Approval of Dissolution (September 5th, 2017)

NEW YORK, Tuesday, September 5, 2017—On August 25, 2017, ACRE Realty Investors Inc. (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) the prescribed proxy materials seeking shareholder approval to, among other matters, consider and vote upon a proposal to approve the voluntary dissolution and liquidation of the Company pursuant to a Plan of Dissolution (the “Plan of Dissolution”).

Acre Realty Investors Inc – ACRE Realty Investors Inc. Announces Closing of Sale of Highway 20 Property and Receipt of Notice of Delisting from the NYSE MKT (June 30th, 2017)

NEW YORK, June 29, 2017—ACRE Realty Investors Inc. (NYSE MKT: AIII) (the “Company”) today announced that, on June 28, 2017, it closed the previously announced sale of its Highway 20 land parcel for a sale price of $4,725,000. The Company also announced today that it has received notice that the NYSE MKT has determined to immediately suspend trading in the Company’s common stock and commence proceedings to delist the Company’s common stock.

Acre Realty Investors Inc – EXTENSION OF GOVERNANCE AND VOTING AGREEMENT (October 14th, 2016)

This Extension of Voting and Governance Agreement (this “Agreement”) is made as of October 10, 2016, by and between ACRE Realty Investors Inc., formerly known as Roberts Realty Investors, Inc., (the “Company”), A-III Investment Partners LLC (“A-III”) and Charles S. Roberts (“Mr. Roberts”).

Acre Realty Investors Inc – SALES CONTRACT (October 13th, 2016)

THIS SALES CONTRACT (the “Agreement”) is made as of the 7th day of October, 2016 (the “Effective Date”), by and between ACRE Realty LP, a Georgia limited partnership (“Seller”), and Roberts Capital Partners, LLC, a Georgia limited liability company (“Purchaser”).

Acre Realty Investors Inc – SECOND EXTENSION AGREEMENT (June 16th, 2016)

This Second Extension Agreement (this “Second Extension Agreement”) is made as of June 15, 2016, by and between ACRE Realty Investors Inc., formerly known as Roberts Realty Investors, Inc., (the “Company”), A-III Investment Partners LLC (“A-III”) and Charles S. Roberts (“Mr. Roberts”).

Acre Realty Investors Inc – EXTENSION AGREEMENT (February 2nd, 2016)

This Extension Agreement (this “Extension Agreement”) is made as of January 28, 2016, by and between ACRE Realty Investors Inc., formerly known as Roberts Realty Investors, Inc., (the “Company”), A-III Investment Partners LLC (“A-III”) and Charles S. Roberts (“Mr. Roberts”).

Acre Realty Investors Inc – ACRE Realty Investors Inc. Announces Closing of Sale Contract of North Springs Land in Fulton County, Georgia (December 21st, 2015)

NEW YORK, December 21, 2015 / PRNewswire/ - ACRE Realty Investors Inc. (NYSE MKT: AIII) (the “Company”) announces that, on December 17, 2015, it closed the previously announced sale of its North Springs land parcel for a sale price of $12,000,000.

Acre Realty Investors Inc – ACRE Realty Investors Inc. Announces Closing of Sale Contract of Bradley Park Land in Forsyth County, Georgia (December 9th, 2015)

NEW YORK, December 9, 2015 / PRNewswire/ – ACRE Realty Investors Inc. (NYSE MKT: AIII) (the “Company”) announces that, on December 4, 2015, it closed the previously announced sale of its Bradley Park land parcel for a sale price of $4,178,000. In connection with the sale, the Bradley Park land loan with Synovus Bank with an outstanding balance of $2,238,625.37 was paid off in full.

Acre Realty Investors Inc – SECOND AMENDMENT TO SALES CONTRACT (December 3rd, 2015)

THIS SECOND AMENDMENT TO SALES CONTRACT (this “Amendment”) is made as of November 19, 2015 (the “Amendment Effective Date”), by and between ACRE REALTY LP, a Georgia limited partnership (“Seller”), and MAPLE MULTI-FAMILY LAND SE, L.P., a Delaware limited partnership (“Purchaser”).

Acre Realty Investors Inc – After Recording Return To: Cross Reference: (December 3rd, 2015)

THIS SIXTH LOAN MODIFICATION AGREEMENT (this “Agreement”) made effective as of December 1, 2015 (the “Effective Date”), by and among SYNOVUS BANK, formerly known as Columbus Bank & Trust Company, successor-in-interest through name change and by merger with Bank of North Georgia (“Lender”), ACRE REALTY LP, successor by name change to ROBERTS PROPERTIES RESIDENTIAL, L.P., a Georgia limited partnership (“Borrower”), and ACRE REALTY INVESTORS INC., successor by name change to ROBERTS REALTY INVESTORS, INC., a Georgia corporation (“Guarantor”).

Acre Realty Investors Inc – FIFTH AMENDMENT TO SALES CONTRACT (December 3rd, 2015)

THIS FIFTH AMENDMENT TO SALES CONTRACT (the “Amendment”) is made and entered into this 30th day of November, 2015 (the “Fifth Amendment Effective Date”), by and between ACRE REALTY LP, a Georgia limited partnership, formerly named Roberts Properties Residential, L.P. (“Seller”), and BRADLEY PARK APARTMENTS, LLC, a Georgia limited liability company (“Purchaser”).

Acre Realty Investors Inc – RELEASE AGREEMENT AND COVENANT NOT TO SUE (December 3rd, 2015)

This Release Agreement and Covenant Not to Sue (this “Release”) is hereby made, executed and delivered as of this 30th day of November, 2015, by Mr. Charles S. Roberts to and for the benefit of ACRE Realty Investors, Inc., ACRE Realty LP, A-III Investment Partners LLC, A-III Manager LLC, each of their respective affiliates and each of their and their affiliates’ respective shareholders, members, partners, directors, officers, managers, employees, benefit plans, and each of the respective successors and assigns thereof (collectively, the “Released Parties”).

Acre Realty Investors Inc – ACRE REALTY INVESTORS INC. Restriction Agreement (October 14th, 2015)

THIS RESTRICTION AGREEMENT (the “Agreement”), dated as of the        day of               , 2015, governs the Award granted by ACRE REALTY INVESTORS INC., a Georgia corporation (the “Company”), to [Name of Officer] (the “Participant”), in accordance with and subject to the provisions of the Company’s 2006 Restricted Stock Plan, as amended (the “Plan”). A copy of the Plan has been made available to the Participant. All terms used in this Agreement that are defined in the Plan have the same meaning given them in the Plan.

Acre Realty Investors Inc – FIRST AMENDMENT TO SALES CONTRACT (October 14th, 2015)

THIS FIRST AMENDMENT TO SALES CONTRACT (this “Amendment”) is made as of October 9, 2015, by and between ACRE Realty LP, a Georgia limited partnership (“Seller”), and MAPLE MULTI-FAMILY LAND SE, L.P., a Delaware limited partnership ("Purchaser").

Acre Realty Investors Inc – ACRE REALTY INVESTORS INC. Restriction Agreement (October 14th, 2015)

THIS RESTRICTION AGREEMENT (the “Agreement”), dated as of the        day of                   , 2015, governs the Award granted by ACRE REALTY INVESTORS INC., a Georgia corporation (the “Company”), to [Name of Director] (the “Participant”), in accordance with and subject to the provisions of the Company’s 2006 Restricted Stock Plan, as amended (the “Plan”). A copy of the Plan has been made available to the Participant. All terms used in this Agreement that are defined in the Plan have the same meaning given them in the Plan.

Acre Realty Investors Inc – SALES CONTRACT (August 20th, 2015)

THIS SALES CONTRACT (the “Agreement”) is made as of the 14th day of August, 2015 (the “Effective Date”), by and between ACRE Realty LP, a Georgia limited partnership (“Seller"), and MAPLE MULTI-FAMILY LAND SE, L.P., a Delaware limited partnership (“Purchaser”).

Acre Realty Investors Inc – FIRST AMENDMENT TO SALES CONTRACT (July 29th, 2015)

THIS FIRST AMENDMENT TO SALES CONTRACT (the "Amendment") is made and entered into as of this 24th day of July, 2015 (the "Amendment Effective Date"), by and between ACRE REALTY LP, a Georgia limited partnership, formerly named Roberts Properties Residential, L.P. ("Seller"), and BRADLEY PARK APARTMENTS, LLC, a Georgia limited liability company ("Purchaser").

Acre Realty Investors Inc – ACRE Realty Investors Inc. Announces Closing of Sale Contract of Northridge Land in Fulton County, Georgia (July 1st, 2015)

NEW YORK, July 1, 2015 / PRNewswire/ – ACRE Realty Investors Inc. (NYSE MKT: AIII) (the “Company”) announces that, on June 30, 2015, it closed the previously announced sale of its Northridge land parcel for a sale price of $5,500,000.

Acre Realty Investors Inc – SALES CONTRACT (April 2nd, 2015)

THIS AGREEMENT is made and entered into this 31st day of March, 2015 (the “Effective Date”), by and between NORTHRIDGE PARKWAY, LLC, a Georgia limited liability company (hereinafter referred to as the “Seller”), and VISTA ACQUISITIONS, LLC, a Georgia limited liability company (hereinafter referred to as the “Purchaser”).

Acre Realty Investors Inc – WARRANT AGREEMENT (February 2nd, 2015)

This Warrant Agreement (“Agreement”) is executed as of this 30th day of January, 2015, by Roberts Realty Investors, Inc., a Georgia corporation (“Company”), in favor of A-III Investment Partners LLC, a Delaware limited liability company (the “Initial Holder”), in accordance with the terms and subject to the conditions set forth in this Agreement.

Acre Realty Investors Inc – ARTICLES OF AMENDMENT TO THE AMENDED AND RESTATED ARTICLES OF INCORPORATION OF ROBERTS REALTY INVESTORS, INC. (February 2nd, 2015)
Acre Realty Investors Inc – RESIGNATION AND RELEASE (February 2nd, 2015)

Reference is made to that certain Stock Purchase Agreement (the “Purchase Agreement”), dated as of November 19, 2014, by and among Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), Roberts Properties Residential, L.P., a Georgia limited partnership (the “Operating Partnership”) and A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”), a condition of which is the delivery by the Company to the Purchaser of resignations and releases from each of the directors, officers and employees of the Company. Capitalized terms not otherwise defined in this Resignation and Release shall have the meaning set forth in the Purchase Agreement. The undersigned acknowledges that delivery of this Resignation and Release is a material inducement to Purchaser’s willingness to consummate the transactions contemplated by the Purchase Agreement, and that Purchaser would not do so without the benefit of the provisions of this Resignation and Release.

Acre Realty Investors Inc – EMPLOYMENT AGREEMENT (February 2nd, 2015)

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and effective as of the 30th day of January, 2015, by and between ROBERTS REALTY INVESTORS, INC., a Georgia corporation (the “Company”) and CHARLES S. ROBERTS (“Employee”).

Acre Realty Investors Inc – AMENDMENT TO Amended and Restated BYLAWS OF ROBERTS REALTY INVESTORS, INC. (February 2nd, 2015)
Acre Realty Investors Inc – RESIGNATION AND RELEASE (February 2nd, 2015)

Reference is made to that certain Stock Purchase Agreement (the “Purchase Agreement”), dated as of November 19, 2014, by and among Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), Roberts Properties Residential, L.P., a Georgia limited partnership (the “Operating Partnership”) and A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”), a condition of which is the delivery by the Company to the Purchaser of resignations and releases from each of the directors, officers and employees of the Company. Capitalized terms not otherwise defined in this Resignation and Release shall have the meaning set forth in the Purchase Agreement. The undersigned acknowledges that delivery of this Resignation and Release is a material inducement to Purchaser’s willingness to consummate the transactions contemplated by the Purchase Agreement, and that Purchaser would not do so without the benefit of the provisions of this Resignation and Release.

Acre Realty Investors Inc – RESIGNATION AND RELEASE (February 2nd, 2015)

Reference is made to that certain Stock Purchase Agreement (the “Purchase Agreement”), dated as of November 19, 2014, by and among Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), Roberts Properties Residential, L.P., a Georgia limited partnership (the “Operating Partnership”) and A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”), a condition of which is the delivery by the Company to the Purchaser of resignations and releases from each of the directors, officers and employees of the Company. Capitalized terms not otherwise defined in this Resignation and Release shall have the meaning set forth in the Purchase Agreement. The undersigned acknowledges that delivery of this Resignation and Release is a material inducement to Purchaser’s willingness to consummate the transactions contemplated by the Purchase Agreement, and that Purchaser would not do so without the benefit of the provisions of this Resignation and Release.

Acre Realty Investors Inc – tax protection agreement (February 2nd, 2015)

THIS TAX PROTECTION AGREEMENT (this “Agreement”) is made as of the 30th day of January, 2015 by and between Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), and Roberts Properties Residential, L.P, a Georgia limited partnership (the “Operating Partnership,” and, together with the Company, the “Seller Parties”), A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”) and A-III Manager LLC, a Delaware limited liability company (the “Manager” and, together with the Purchaser, the “Purchaser Parties” and, together with the Purchaser and the Seller Parties, the “Parties” and each a “Party”), for the benefit of the Eligible Investors (as defined in this Agreement below) who shall be designated third party beneficiaries of this Agreement.

Acre Realty Investors Inc – MANAGEMENT AGREEMENT (February 2nd, 2015)

MANAGEMENT AGREEMENT, dated as of January 30, 2015 (the “Effective Date”), by and between Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), Roberts Properties Residential, L.P. (the “Operating Partnership”) and A-III Manager LLC, a Delaware limited liability company (the “Manager”).

Acre Realty Investors Inc – GOVERNANCE AND VOTING AGREEMENT (February 2nd, 2015)

THIS GOVERNANCE AND VOTING AGREEMENT (this “Agreement”) is made as of the 30th day of January, 2015 by and among Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”), and Charles S. Roberts, an individual (“Roberts” and, together with the Company and the Purchaser, the “Parties” and each a “Party”).

Acre Realty Investors Inc – RESIGNATION AND RELEASE (February 2nd, 2015)

Reference is made to that certain Stock Purchase Agreement (the “Purchase Agreement”), dated as of November 19, 2014, by and among Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), Roberts Properties Residential, L.P., a Georgia limited partnership (the “Operating Partnership”) and A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”), a condition of which is the delivery by the Company to the Purchaser of resignations and releases from each of the directors, officers and employees of the Company. Capitalized terms not otherwise defined in this Resignation and Release shall have the meaning set forth in the Purchase Agreement. The undersigned acknowledges that delivery of this Resignation and Release is a material inducement to Purchaser’s willingness to consummate the transactions contemplated by the Purchase Agreement, and that Purchaser would not do so without the benefit of the provisions of this Resignation and Release.

Acre Realty Investors Inc – Articles of Amendment of Articles of Incorporation (February 2nd, 2015)
Acre Realty Investors Inc – REGISTRATION RIGHTS AGREEMENT (February 2nd, 2015)

REGISTRATION RIGHTS AGREEMENT, dated as of January 30, 2015 (this “Agreement”), between ROBERTS REALTY INVESTORS, INC., a Georgia corporation (the “Company”) and A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”).

Acre Realty Investors Inc – RESIGNATION AND RELEASE (February 2nd, 2015)

Reference is made to that certain Stock Purchase Agreement (the “Purchase Agreement”), dated as of November 19, 2014, by and among Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), Roberts Properties Residential, L.P., a Georgia limited partnership (the “Operating Partnership”) and A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”), a condition of which is the delivery by the Company to the Purchaser of resignations and releases from each of the directors, officers and employees of the Company. Capitalized terms not otherwise defined in this Resignation and Release shall have the meaning set forth in the Purchase Agreement. The undersigned, Charles S. Roberts, acknowledges that delivery of this Resignation and Release is a material inducement to Purchaser’s willingness to consummate the transactions contemplated by the Purchase Agreement, and that Purchaser would not do so without the benefit of the provisions of this Resignation

Acre Realty Investors Inc – RESIGNATION AND RELEASE (February 2nd, 2015)

Reference is made to that certain Stock Purchase Agreement (the “Purchase Agreement”), dated as of November 19, 2014, by and among Roberts Realty Investors, Inc., a Georgia corporation (the “Company”), Roberts Properties Residential, L.P., a Georgia limited partnership (the “Operating Partnership”) and A-III Investment Partners LLC, a Delaware limited liability company (the “Purchaser”), a condition of which is the delivery by the Company to the Purchaser of resignations and releases from each of the directors, officers and employees of the Company. Capitalized terms not otherwise defined in this Resignation and Release shall have the meaning set forth in the Purchase Agreement. The undersigned acknowledges that delivery of this Resignation and Release is a material inducement to Purchaser’s willingness to consummate the transactions contemplated by the Purchase Agreement, and that Purchaser would not do so without the benefit of the provisions of this Resignation and Release.

Roberts Realty Investors Inc – SALES CONTRACT By and Between ROBERTS PROPERTIES RESIDENTIAL, L.P., a Georgia limited partnership, as Seller, and BRADLEY PARK APARTMENTS, LLC, a Georgia limited liability company as Purchaser. January 26, 2015 Property Located At: Land Lots 205 and 206 of the 2nd District, 1st Section, Forsyth County, Georgia SALES CONTRACT (January 30th, 2015)

THIS AGREEMENT is made and entered into this day 26th of January, 2015 (the “Effective Date”), by and between ROBERTS PROPERTIES RESIDENTIAL, L.P., a Georgia limited partnership (hereinafter referred to as the “Seller”), and BRADLEY PARK APARTMENTS, LLC, a Georgia limited liability company (hereinafter referred to as the “Purchaser”).