Roberts Realty Investors, Inc. Announces Retirement of Founding Director Ben Spalding
30 September 2009 - 12:00AM
PR Newswire (US)
ATLANTA, Sept. 29 /PRNewswire-FirstCall/ -- Roberts Realty
Investors, Inc. (NYSE Amex: RPI) announces that Mr. Ben A.
Spalding, who has served on the company's board of directors since
1994, is retiring from the board effective at the 2009 annual
meeting of shareholders to be held today. Mr. Charles S. Roberts,
the company's CEO, stated: "Ben was one of our founders and has
been a valuable and dedicated member of our board since 1994. He
has played an essential role in our company as the primary liaison
to our Atlanta shareholder base through his decades-long
relationships with many of our key shareholders." Mr. Spalding was
the sole shareholder and President of Spalding & Company, a
broker-dealer that offered and sold interests in real estate
limited partnerships sponsored by Mr. Roberts beginning in 1980 and
lasting through the mid-90's. Before forming Spalding &
Company, Mr. Spalding held several sales and executive positions
with Johnson & Johnson in the health care field. He has served
diligently as a volunteer in numerous positions with civic and
charitable organizations, including serving as a National Trustee
of the Cystic Fibrosis Foundation and a member of the Board of
Trustees of the Metro-Atlanta Crime Commission. He received the
Cystic Fibrosis Dick Goldschmidt Award in 1986 for his tireless
efforts on behalf of the Cystic Fibrosis Foundation. Mr. Roberts
added: "We will miss having Ben as a director, and we wish him well
in his richly deserved retirement." Roberts Realty Investors, Inc.
is a self-administered, self-managed equity real estate investment
trust based in Atlanta. DATASOURCE: Roberts Realty Investors, Inc.
CONTACT: Charles S. Roberts, Chief Executive Officer, Roberts
Realty Investors, Inc., +1-770-394-6000, Fax: +1-770-551-5914
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