This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Roberts Realty Investors Announces Strategic Moves To Enhance Shareholder Value

Stocks in this article: RPI

ATLANTA, June 30, 2011 /PRNewswire/ -- Roberts Realty Investors, Inc. (NYSE: RPI), a real estate investment trust focused on the development, management and ownership of multifamily residential communities, announced today it has retained Sandler O'Neill + Partners, L.P. to explore potential strategic alternatives for the REIT.

Charles Roberts, Chairman, President & CEO of Roberts Realty said, "We look forward to commencing a formal process to ensure we maximize shareholder value."  Roberts continued, "We believe there are many ways we can improve our value with the help of the professionals at Sandler O'Neill.  These alternatives could include a sale, merger or other business combination.  We are exploring these alternatives and will work to accomplish a mutually beneficial outcome for our shareholders and employees."

"Sandler is excited about the opportunity to assist Roberts Realty in this process," said Thomas Howland, Managing Director of Sandler O'Neill.  "As an example, given the uncertainty in the IPO market, we believe a larger, private real estate operator would welcome the opportunity to merge into Roberts Realty to become a publicly traded company and provide enhanced liquidity to the current Roberts Realty shareholders – a win-win for both parties," Howland said.  

There can be no assurance that the exploration of strategic alternatives will result in any transaction, or that, if completed, any transaction will be on attractive terms.  Roberts Realty does not intend to disclose developments with respect to its strategic review process unless and until its Board of Directors has approved a specific transaction.

About Roberts Realty Investors

Roberts Realty Investors, Inc. owns and manages its real estate assets as a self-administered, self-managed equity real estate investment trust ("REIT") focused on multifamily residential communities.

About Sandler O'Neill + Partners, L.P.

Founded in 1988, Sandler O'Neill + Partners, L.P. is a full-service investment banking firm dedicated to providing comprehensive, innovative advisory and transaction execution services to the financial industry.  The firm specializes in strategic business planning, mergers and acquisitions, capital markets, mutual-to-stock conversions, investment portfolio and interest rate risk management, fixed income securities transactions and mortgage finance restructurings.  Sandler O'Neill also is a market maker in hundreds of financial stocks and publishes equity and fixed income research focused on selected real estate investment trusts, banks, thrifts and insurance companies, credit card companies, investment banks, asset managers, specialty finance companies, e-finance companies, and transaction execution companies.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs