American Realty Investors Inc. Announces Board Changes
June 07, 2016 at 12:55 am IST
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On June 2, 2016, the Board of Directors of American Realty Investors Inc. elected Raymond Roberts, Sr., as a director, to fill a vacancy on the Board of Directors created by the resignation of Sharon Hunt. Mr. Roberts is currently retired. For more than five years prior to December 31, 2014, he was Director of Aviation of Steller Aviation Inc. Also on June 2, 2016, Mr. Roberts was elected as a member of the Audit Committee, the Nominating and Governance Committee and the Compensation Committee of the Board of Directors of the company. Mr. Roberts has been a director of New Concept Energy Inc. since his election, effective June 17, 2015. He is also a member of the Nominating and Governance Committee of the Board of Directors of NCE, which has its Common Stock listed and traded on the NYSE MKT.
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.