On November 17, 2008, the board of directors of Roberts Realty Investors, Inc. elected Mr. John L. Davis as a director, effective immediately. Mr. Davis serves as a member of the Audit Committee and the Compensation Committee of the board of directors. Our board of directors has determined that Mr. Davis is an "independent" director within the meaning of Section 803A of the Company Guide of the NYSE Alternext US (formerly the American Stock Exchange), Item 407(a) of Regulation S-K and SEC Rule 10A-3 - Listing Standards Relating to Audit Committees. There has been no transaction during the past two years, or proposed transaction, to which we were or are to be a party in which Mr. Davis had or has a direct or indirect material interest required to be disclosed under Item 404 of SEC Regulation S-K. The election of Mr. Davis brings the company back into compliance with a continued listing standard of NYSE Alternext, which resulted from the unexpected death of director Dennis H. James on September 2, 2008.

In accordance with the standard compensation arrangements for our directors, Mr. Davis will receive an annual fee of $12,000 for attendance, in person or by telephone, at meetings of the board of directors and its committees and will receive reimbursement for reasonable travel expenses and out-of-pocket expenses incurred in connection with his activities on our behalf.

A copy of the press release that we issued on November 17, 2008 announcing the election of Mr. Davis to our board of directors is attached to this Current Report on Form 8-K as Exhibit 99.1.

(d) Exhibits

Exhibit No.   Exhibit



99.1        Press release issued by Roberts Realty Investors, Inc. on November
17, 2008

            regarding the election of Mr. John L. Davis to its Board of
Directors.