Roberts Realty Investors, Inc. operates its business through Roberts Properties Residential, L.P. On February 11, 2013, Northridge Parkway, LLC, a wholly owned subsidiary of Roberts Properties Residential, L.P., extended the maturity date of its $2,000,000 loan with Paul J. A. van Hessen, the lender, to May 22, 2013. The loan continues to be secured by the Northridge property, which is located in Sandy Springs, Georgia and is under contract to be sold for $4,373,789. The loan continues to bear interest at the rate of 12% per annum, and at closing, we prepaid the $60,000 in interest that will accrue during the extension period and paid a 1.0% extension fee. The loan documents provide another extension option to August 22, 2013 under substantially the same terms and conditions. The loan documents also contain customary representations, covenants, and default provisions, and continue to be guaranteed by both Roberts Properties Residential, L.P. and Roberts Realty Investors, Inc.

The above description of the material terms of the Northridge loan extension is qualified in its entirety by reference to the full text of the Loan Modification Agreement, which is attached as Exhibit 10.1 to this report and is incorporated into this Item 1.01 by this reference.

(d) Exhibits

Exhibit No.                                  Exhibit

10.1          Loan Modification Agreement effective as of February 21, 2013 by and
              between Northridge Parkway, LLC (a wholly owned subsidiary) and Paul
              J. A. van Hessen (Northridge).