Real Estate: Roberts Renews Loan
June 25, 2010 (FinancialWire) — Roberts Realty Investors, Inc. (AMEX: RPI) said it has renewed an $8.175 million loan on its Peachtree Parkway land with Wells Fargo Bank (NYSE: WFC) and extended the maturity date to July 31, 2011.
Peachtree Parkway is zoned for 292 apartments and is located in Peachtree Corners directly across from the Forum, an 580,000 square foot shopping center.
Roberts said it currently has three new communities in the development process
Georgia-based Roberts Realty Investors is a self-administered, self-managed equity real estate investment trust.
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