0001552781-15-000190 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • February 9th, 2015 • Acre Realty Investors Inc • Real estate investment trusts • New York

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”).

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REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • February 9th, 2015 • Acre Realty Investors Inc • Real estate investment trusts • New York

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”).

STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • February 9th, 2015 • Acre Realty Investors Inc • Real estate investment trusts • Georgia

THIS STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of the 19th day of November, 2014 (the “Effective Date”) 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”).

JOINT FILING AGREEMENT
Joint Filing Agreement • February 9th, 2015 • Acre Realty Investors Inc • Real estate investment trusts

AVENUE REAL ESTATE MANAGEMENT LLC By: /s/ Marc Lasry Name: Marc Lasry Title: Managing Member MARC LASRY /s/ Marc Lasry Signature

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