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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, 2013

Berkshire Income Realty, Inc. (NYSE MKT: BIR.PR.A), (NYSE MKT: BIR_PA), (NYSE
MKT: BIRPRA), (NYSE MKT: BIR-A), (NYSE MKT: BIR.A), (NYSE MKT: 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, 2013, to shareholders of record on November
11, 2013. 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 multifamily apartment
communities and one development project, of which six are located in the
Baltimore/Washington, D.C. metropolitan area; three are located in Dallas,
Texas; three are located in Virginia; two are located in Houston, Texas; 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, 2012.

Contact:

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