Item 1.01 Entry into a Material Definitive Agreement.

Until April 8, 2009, Roberts Realty Investors, Inc. had two loans from Wachovia Bank, N.A. that were scheduled to mature on April 30, 2009. These two loans totaled $12,252,000: a $8,175,000 loan secured by our 23.5-acre parcel fronting Peachtree Parkway (Highway 141) in Gwinnett County, Georgia (the "Peachtree Parkway Loan"); and a $4,077,000 loan secured by our 38.2-acre property on Georgia Highway 20 in Cumming, Georgia (the "Highway 20 Loan"). We obtained a loan commitment on March 19, 2009 from Touchmark National Bank to provide a $3,500,000 loan to refinance the Highway 20 Loan, subject to customary closing conditions. On April 8, 2009, we closed the Touchmark loan and repaid the Highway 20 Loan in full, using the loan proceeds and our working capital. Consistent with our financial strategy to deleverage our balance sheet and extend our debt maturities well into 2010, we reduced our debt by $577,000.

In April 2008, to provide additional security for both the Highway 20 and Peachtree Parkway Loans, we granted Wachovia a security interest in our previously unencumbered 9.84-acre North Springs property on Peachtree Dunwoody Road in Sandy Springs, Georgia. We also entered into agreements with Wachovia that provided that the Peachtree Parkway and Highway 20 Loans were cross-defaulted and that each of the three properties secured both loans. In connection with the early repayment of the Highway 20 Loan as described in this report, Wachovia released its security interest in the Highway 20 land. Accordingly, the previously reported material agreements related to the cross-default and cross-collateralization of the loans were effectively amended to the extent that (a) only the Peachtree Parkway Loan remains outstanding with Wachovia; and (b) the Peachtree Parkway Loan is now secured by only the Peachtree Parkway property and the North Springs property.

We have concluded that the Touchmark loan is not required to be disclosed as a material definitive agreement under Item 1.01 or as a direct financial obligation that is material to the registrant under Item 2.03 of Form 8-K.

Item 8.01 Other Events.

We described the refinancing in a press release issued on April 9, 2009, a copy of which is filed as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Exhibit

99.1 Press release issued by Roberts Realty Investors, Inc. on April 9, 2009.

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