Berkshire Income Realty to Pay Regular Cash Dividend on its Series A Preferred Stock

  Berkshire Income Realty to Pay Regular Cash Dividend on its Series A
  Preferred Stock

Business Wire

BOSTON -- October 31, 2012

Berkshire Income Realty, Inc. (NYSE Amex Equities: BIR.PR.A), (NYSE Amex
Equities: BIR_PA), (NYSE Amex Equities: BIRPRA), (NYSE Amex Equities: BIR-A),
(NYSE Amex Equities: BIR.A), (NYSE Amex Equities: BIR/PRA), (the “Company”)
announced today that it will pay its regular quarterly cash dividend of
$0.5625 on each share of its 9% Series A Cumulative Redeemable Preferred Stock
on November 15, 2012, to shareholders of record on November 10, 2012. The
regular cash dividend payable on the Series A Preferred Stock is payable on
February 15, May 15, August 15 and November 15 of each year.

The Company is a Real Estate Investment Trust (“REIT”) whose objective is to
acquire, own, operate, develop and rehabilitate multifamily apartment
communities. The Company owns interests in twenty-five multifamily apartment
communities and two development projects, of which six are located in the
Baltimore/Washington, D.C. metropolitan area, five are located in Virginia,
four are located in Houston, Texas, three are located in Dallas, Texas, two
are located in the Chicago, Illinois area and one is located in each of
Austin, Texas, Atlanta, Georgia, Sherwood, Oregon, Tampa, Florida,
Philadelphia, Pennsylvania, Walnut Creek, California and Denver, Colorado.

This press release may contain “forward-looking statements,” within the
meaning of the Private Securities Litigation Reform Act of 1995, about the
Company. These statements involve a number of risks and uncertainties that
could materially affect future results. Among these risk factors are the ones
listed in the Company’s periodic reports filed with the Securities and
Exchange Commission, including without limitation the Company’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2011.

Contact:

Berkshire Income Realty, Inc.
Stephen Lyons, 1-617-574-8367
stephen.lyons@bpadv.com
Facsimile: 1-617-574-8312
 
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