X0202 4 2004-08-30 0 0001011109 ROBERTS REALTY INVESTORS INC RPI 0000084353 ROBERTS CHARLES S 450 NORTHRIDGE PARKWAY SUITE 300 ATLANTA GA 30350 1 1 1 0 Chairman, President and CEO Units of Limited Partnership Interest 2004-08-30 4 P 0 2917 6.75 A Common Stock 2917 752284 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 752,284 total units beneficially owned by the reporting person, 722,784 are owned directly, and 29,500 are owned by a trust for the reporting person's minor daughter. The reporting person is the sole trustee of the trust. /s/ Greg M. Burnett, Attorney-in-fact 2004-08-30