Exhibit 10.4.4 FHLMC Loan No.: 002701324
(FOR USE IN ALL JURISDICTIONS EXCEPT CALIFORNIA)
REVISION DATE 3-17-03
This Guaranty ("GUARANTY") is entered into to be effective as of August 21, 2003, by the undersigned person
(s) (the "GUARANTOR" jointly and severally if more than one), for the benefit of L. J. MELODY &
COMPANY, a Texas corporation (the "LENDER").
A. ROBERTS PROPERTIES RESIDENTIAL, L.P., a Georgia limited partnership, (the "BORROWER") has
requested that Lender make a loan to Borrower in the amount of $10,750,000.00 (the "LOAN"). The Loan will
be evidenced by a Multifamily Note from Borrower to Lender dated effective as of the effective date of this
Guaranty (the "NOTE"). The Note will be secured by a Multifamily Mortgage, Deed of Trust, or Deed to Secure
Debt dated effective as of the effective date of the Note (the "SECURITY INSTRUMENT"), encumbering the
MORTGAGED PROPERTY described in the Security Instrument.
B. As a condition to making the Loan to Borrower, Lender requires that the Guarantor execute this Guaranty.
NOW, THEREFORE, in order to induce Lender to make the Loan to Borrower, and in consideration thereof,
Guarantor agrees as follows:
1. DEFINED TERMS. "INDEBTEDNESS," "LOAN DOCUMENTS" AND "PROPERTY JURISDICTION"
and other capitalized terms used but not defined in this Guaranty shall have the meanings assigned to them in the
2. SCOPE OF GUARANTY.
(a) Guarantor hereby absolutely, unconditionally and irrevocably guarantees to Lender:
(i) the full and prompt payment when due, whether at the Maturity Date or earlier, by reason of acceleration or
otherwise, and at all times thereafter, of each of the following:
(A) a portion of the Indebtedness equal to zero percent
(-0-%) of the original principal balance of the Note
(the "BASE GUARANTY"); and
(B) in addition to the Base Guaranty, all other amounts
for which Borrower is personally liable under
Sections 9(c), 9(d) and 9(f)