American Realty Investors Inc. Announces Board Changes
June 23, 2016 at 01:00 pm
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American Realty Investors Inc. announced the death of Sharon Hunt who served as a board member of the company. Knowing Ms. Hunt was seriously ill, the company began a search several months ago for a possible replacement. The company announced that Ray Roberts Sr. of Denton, Texas has agreed to serve on boards. Mr. Roberts is a retired United States Air Force Major who has served in several military operations earning him several special awards, including a Bronze Star and a Medal for Humane Action. Since his retirement Mr. Roberts has been heavily involved in various community, public service, and political activities.
American Realty Investors, Inc. is a real estate investment company, holds a diverse portfolio of equity real estate located across the United States, including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company's segments include Residential Segment and Commercial Segment. Residential Segment is engaged in the acquisition, development, ownership and management of multifamily properties. Residential Segment provides services that include rental of apartments and other tenant services, including parking and storage space rental. Commercial Segment is engaged in the acquisition, development, ownership and management of commercial properties, which are primarily office properties. Commercial Segment provides services that include rental of office space and other tenant services, including parking and storage space rental. It invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.