Proposals Submitted to Shareholders at 2012 Annual Meeting

Roberts Realty Investors, Inc. held its annual meeting of shareholders on December 10, 2012. We asked our shareholders to vote on the following two proposals:

† to elect two directors to serve a three-year term; and

† to ratify the appointment of CohnReznick LLP as our independent registered public accounting firm for 2012.

As a smaller reporting company under applicable SEC rules, we are not yet required to conduct shareholder votes on "say-on-pay" and "frequency-of-say-on-pay." We solicited proxies for the meeting pursuant to
Section 14(a) of the Securities Exchange Act of 1934, and there was no solicitation in opposition to management's solicitations.

Election of Directors

Two of our current directors, Mr. Charles S. Roberts and Mr. Charles R. Elliott, were nominated for reelection at the meeting. Each of Mr. Roberts and Mr. Elliott was elected with the following votes to serve until the 2015 annual meeting of shareholders or until his successor is duly elected and qualified. There were no abstentions.

                     Votes For   Votes Withheld   Broker Non-Votes

Charles S. Roberts   5,585,004          128,230          3,092,981
Charles R. Elliott   5,576,843          136,391          3,092,981

Ratification of Appointment of Independent Registered Public Accounting Firm

The appointment of CohnReznick LLP as our independent registered public accounting firm for 2012 was approved with the following votes. There were no broker non-votes.

Votes For Votes Against Abstained

8,583,991 148,157 74,067