UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2014
Roberts Realty Investors, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Georgia
(State or Other Jurisdiction of Incorporation)
| 001-13183 | 58-2122873 |
| (Commission File Number) | (IRS Employer Identification No.) |
| 375 Northridge Road, Suite 330 | |
| Atlanta, Georgia | 30350 |
| (Address of Principal Executive Offices) | (Zip Code) |
(770) 394-6000
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On September 30, 2014, we renewed our $1,864,636 Highway 20 land loan and extended the maturity date to February 15, 2015. Upon the renewal, we made a $64,636 principal payment, which reduced the outstanding principal balance of the Highway 20 loan to $1,800,000. Additionally, we deposited $22,100 as an interest reserve to pay the monthly interest payments at the prime rate plus 1.75% with a floor of 5.0% per annum, and paid a 2% extension fee. Under the renewed loan, we will make fixed principal payments of $10,000 per month during the extended term.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be filed on its behalf by the undersigned hereunto duly authorized.
| ROBERTS REALTY INVESTORS, INC. | ||||
| Dated: October 1, 2014 | By: | /s/ Charles S. Roberts | ||
| Charles S. Roberts | ||||
| Chief Executive Officer | ||||