ACRE REALTY INVESTORS INC

ROBERTS REALTY INVESTORS, INC.

S-3

OPINION OF NELSON MULLINS RILEY & SCARBOROUGH, LLP

EX-5.1

OPINION OF HOLT NEY ZATCOFF & WASSERMAN, LLP

EX-8.1

AMENDMENT #2 TO FIRST AMENDED & RESTATED AGREEMENT

EX-10.1

CONSENT OF ARTHUR ANDERSEN LLP

EX-23.3

CONSENT OF DELOITTE & TOUCHE LLP

EX-23.4