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Berkshire Income Realty Announces Tax Treatment for 2012 Dividends Paid



  Berkshire Income Realty Announces Tax Treatment for 2012 Dividends Paid

Business Wire

BOSTON -- January 24, 2013

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 the tax treatment for dividends paid on the Series A
Preferred Stock during 2012 has been finalized. Total dividends of $2.25 per
share of Series A Preferred Stock, or 9% of its $25 per share liquidation
preference, were paid in quarterly installment during the year ended December
31, 2012. Of the total per share dividends paid by the Company, $2.25, or
100%, is taxable as a capital gain distribution reported on Form 1099-DIV, box
2a.

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-one multifamily apartment
communities and two development projects, of which six are located in the
Baltimore/Washington, D.C. metropolitan area, four are located in Houston,
Texas, three are located in Dallas, Texas, three are located in Virginia 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 and Quarterly Report
on Form 10-Q for the periods ended March 31, 2012, June 30, 2012 and September
30, 2012.

Contact:

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