On October 9, 2012, Roberts Realty Investors, Inc., the registrant, through its operating partnership entered into a sales contract for the sale of its 20.6-acre Peachtree Parkway property to Lennar Multifamily Investors, LLC ("Lennar"), an unrelated third party, for a net sales price of $7,090,000. The sale of the property is scheduled to close on February 7, 2013. Lennar completed its due diligence on the Peachtree Parkway property on January 4, 2013, and in accordance with the terms of the sales contract Lennar's $300,000 earnest money deposit is now non-refundable. The sale of the Peachtree Parkway property will enable us to repay our land loan, which will significantly reduce our outstanding debt and release our North Springs property that secured the Peachtree Property land loan as additional collateral. Additionally, after the closing of the Peachtree Parkway sale our North Springs property, which has a book value of $11,000,000, will be owned free and clear by the company.

We described the status of the sale of our Peachtree Parkway land in a press release issued on January 10, 2013, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

(d) Exhibits

Exhibit No.                                    Exhibit

99.1           Press release dated January 10, 2013 regarding the sale of our
               Peachtree Parkway land.