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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): September 16, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>Roberts Realty Investors, Inc.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
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    <TD style="border-bottom: 1px solid #000000"><B>Georgia</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-13183</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>58-2122873</B></TD>
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<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>450 Northridge Parkway, Suite 302, Atlanta, Georgia<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>30350</B></TD>
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<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(770) 394-6000</B>


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<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="left" style="font-size: 10pt">Notwithstanding the SEC-mandated caption of Item&nbsp;3.01 below, Roberts Realty has not received a notice of delisting from
the American Stock Exchange (the &#147;Amex&#148;) due to the death of one of its directors. Roberts Realty is entitled under
applicable Amex rules to a 75&nbsp;day cure period (which will expire on November&nbsp;17, 2008) to regain compliance with the
listing standards described below.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">(a)&nbsp;On September&nbsp;5, 2008, Roberts Realty notified the Amex orally and in writing of the death of its director
Dennis H. James on September&nbsp;2, 2008. Mr.&nbsp;James was a member of the audit committee and compensation committee of
Roberts Realty. As expected, Roberts Realty received on September&nbsp;16, 2008 a letter from the Amex to the effect that
Roberts Realty is not in compliance with Section&nbsp;803(B)(2)(c) and Section 805(a) of the Amex Company Guide, in that
Roberts Realty&#146;s audit committee and compensation committee are comprised of only one director. The letter states that
it is a &#147;Warning Letter&#148; pursuant to Section&nbsp;1009(a)(i) of the Amex Company Guide and notice of failure to satisfy a
continuing listed standard. The letter advised Roberts Realty that failure to resolve the specified listing deficiency
by November&nbsp;17, 2008 would result in the staff assessing the company&#146;s continued listing eligibility, including the
application of the continued listing evaluation and follow-up procedures specified in Section&nbsp;1009 of the Amex Company
Guide and/or initiation of delisting proceedings.


<P align="left" style="font-size: 10pt; text-indent: 4%">Roberts Realty expects that its board of directors will appoint a new independent director to its board of
directors, audit committee, and compensation committee by November&nbsp;17, 2008, thereby regaining compliance with the Amex
requirements.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


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    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Exhibits</I></TD>
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    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release issued by Roberts Realty Investors, Inc. on
September&nbsp;19, 2008 regarding the receipt of a warning letter from
the American Stock Exchange.</TD>
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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be filed on its behalf by the undersigned hereunto duly authorized.



<P align="left" style="margin-left:46%; font-size: 10pt"><B>ROBERTS REALTY INVESTORS, INC.</B>


<P align="left" style="font-size: 10pt">Dated: September&nbsp;19, 2008



<P align="left" style="margin-left:46%; font-size: 10pt; margin-top: -11pt">By: <U><B>/</B>s/ Charles R. Elliott&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
Charles R. Elliott
<BR>
Chief Financial Officer


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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit</TD>
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</DIV></TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release issued by Roberts Realty Investors, Inc. on
September&nbsp;19, 2008 regarding the receipt of a warning letter from
the American Stock Exchange.</TD>
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Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 16, 2008
Roberts Realty Investors, Inc.
(Exact name of registrant as specified in its charter)
Georgia
001-13183
58-2122873
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
450 Northridge Parkway, Suite 302, Atlanta, Georgia
30350
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(770) 394-6000
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Notwithstanding the SEC-mandated caption of Item 3.01 below, Roberts Realty has not received a notice of delisting from
the American Stock Exchange (the "Amex") due to the death of one of its directors. Roberts Realty is entitled under
applicable Amex rules to a 75 day cure period (which will expire on November 17, 2008) to regain compliance with the
listing standards described below.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
(a) On September 5, 2008, Roberts Realty notified the Amex orally and in writing of the death of its director
Dennis H. James on September 2, 2008. Mr. James was a member of the audit committee and compensation committee of
Roberts Realty. As expected, Roberts Realty received on September 16, 2008 a letter from the Amex to the effect that
Roberts Realty is not in compliance with Section 803(B)(2)(c) and Section 805(a) of the Amex Company Guide, in that
Roberts Realty's audit committee and compensation committee are comprised of only one director. The letter states that
it is a "Warning Letter" pursuant to Section 1009(a)(i) of the Amex Company Guide and notice of failure to satisfy a
continuing listed standard. The letter advised Roberts Realty that failure to resolve the specified listing deficiency
by November 17, 2008 would result in the staff assessing the company's continued listing eligibility, including the
application of the continued listing evaluation and follow-up procedures specified in Section 1009 of the Amex Company
Guide and/or initiation of delisting proceedings.
Roberts Realty expects that its board of directors will appoint a new independent director to its board of
directors, audit committee, and compensation committee by November 17, 2008, thereby regaining compliance with the Amex
requirements.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Exhibit
99.1
Press release issued by Roberts Realty Investors, Inc. on
September 19, 2008 regarding the receipt of a warning letter from
the American Stock Exchange.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be filed on its behalf by the undersigned hereunto duly authorized.
ROBERTS REALTY INVESTORS, INC.
Dated: September 19, 2008
By:
/
s/ Charles R. Elliott
Charles R. Elliott
Chief Financial Officer
3
EXHIBIT INDEX
Exhibit No.
Exhibit
99.1
Press release issued by Roberts Realty Investors, Inc. on
September 19, 2008 regarding the receipt of a warning letter from
the American Stock Exchange.
4