Roberts Realty Investors, Inc. Announces New Director
18 November 2008 - 10:10AM
PR Newswire (US)
ATLANTA, Nov. 17 /PRNewswire-FirstCall/ -- Roberts Realty
Investors, Inc. (NYSE Alternext US: RPI) announces that Mr. John L.
Davis has been elected as a director at the company's board of
directors meeting on November 17, 2008. Mr. Davis will also serve
as a member of both the audit and compensation committees. The
election of Mr. Davis brings the company back into compliance with
a continued listing standard of the NYSE Alternext US, which
resulted from the unexpected death of director Dennis H. James on
September 2, 2008. Mr. Davis is 43 years old and his business
experience includes 20 years in the commercial banking industry.
His banking experience includes eight years with Hibernia Bank in
New Orleans, ten years with Compass Bank, and two years with
Wrightwood Capital, a structured debt and equity provider where he
was senior director. In 2007, Mr. Davis left Wrightwood Capital to
form Bravo Realty Consulting, Inc., a company that provides
consulting services for small and middle market real estate
companies looking for debt and equity. During his ten years with
Compass Bank, Mr. Davis was Roberts Realty's relationship manager
and was involved in all facets of the company's business
relationship with Compass Bank. Mr. Charles S. Roberts, the
company's CEO, stated, "The addition of John to our board of
directors brings energy, enthusiasm, and 20 years of banking
experience, which is especially important in this difficult
economic period. John knows our company's track record and our
development and construction capabilities, which is a definite
advantage as we move the company forward with the development and
construction of our new communities." 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 R. Elliott, Chief Financial
Officer of Roberts Realty Investors, Inc., +1-770-394-6000,
+1-770-551-5914 (fax)
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