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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1011109	Acre Realty Investors Inc	AIII	Real Estate Investment Trusts (6798)	562122873

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
84353	S Charles Roberts	375 Northridge Road Suite 330 Atlanta GA 30350	Executive Vice President	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $.01 Per Share	Disposition	2015-05-27	100	$1.61	4,282,789	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

As part of Mr. Roberts' long range estate and tax plan, he is selling a limited number of shares of Company common stock under a one year Rule 10(b)5-1 Plan. Additionally, Rule 144 restricts the number of shares that Mr. Roberts can sell in any three month period to the greater of 1% of the total number of Company shares outstanding or the average weekly reported volume of trading in Company shares for the four preceding trading weeks. Based on the restrictions under Rule 144 on the number of shares Mr. Roberts can sell each quarter, it would take more than 6 years to sell his holdings in the Company if he sold the maximum number of shares allowed each quarter. Given the length of time necessary to diversify some of Mr. Roberts' holdings, he has decided to sell a limited portion of his shares each quarter for the next year in order to accomplish his estate and tax planning objectives.
Mr. Roberts' spouse owns 258,705 shares of Company common stock. Mr. Roberts disclaims beneficial ownership of those shares which are included in Column 5 above.