X0202 4 2007-02-22 0 0001011109 ROBERTS REALTY INVESTORS INC RPI 0000084353 ROBERTS CHARLES S 450 NORTHRIDGE PARKWAY SUITE 302 ATLANTA GA 30350 1 1 1 0 Chairman, CEO, President Units of Limited Partnership Interest 2007-02-22 4 P 0 2530 7.69 A Common Stock 2530 950092 D The acquired units are of Roberts Properties Residential, L.P. of which the issuer is the general partner. Units are redeemable at any time either for an equal number of shares of the issuer's common stock, or at the issuer's election, for cash equal to the fair market value of the underlying shares. The issuer has adopted a policy of issuing shares in exchange for units. Of the total units beneficially owned by the reporting person, 29,500 units are owned by a family limited liability company, of which Mr. Roberts is the manager; the remaining units are owned directly. Mr. Roberts disclaims beneficial ownership of those units held by the family limited liability company. /e/Charles Elliott, Attorney-in-fact 2006-02-26