Roberts Realty Investors, Inc. issued a press release on December 2, 2008 announcing that its board of directors has amended its stock repurchase program to authorize the company to repurchase up to 300,000 shares of its outstanding common stock. The company may repurchase shares from time to time by means of open market purchases and in solicited and unsolicited privately negotiated transactions, depending on availability, the company's cash position and price. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Until the amendment to the stock repurchase plan described above, the company had remaining authority to repurchase 37,412 shares of its outstanding common stock under the company's stock repurchase plan, which was originally adopted in 1998.

(d) Exhibits

Exhibit No.                                     Exhibit
99.1             Press release issued by Roberts Realty Investors, Inc. on December 2,
                 2008.