Berkshire Income Realty Expands Texas Portfolio with Agreement to Acquire 324 Unit Multifamily Apartment Community in Houston.

BOSTON -- Berkshire Income Realty, Inc. (AMEX: BIR.PR.A), (AMEX: BIR_PA), (AMEX: BIRPRA), (AMEX: BIR-A), (AMEX: BIR.A), (AMEX: BIR/PRA) announced today that the Company has signed an agreement to purchase Antilles Apartment Homes, a multifamily apartment community, from an unaffiliated third party.

Antilles Apartment Homes, a 324 unit multifamily apartment community, is located in Houston, Texas. The purchase price of $10,200,000 is payable in cash and is subject to normal operating pro rations as provided for in the contract of sale.

The Company is a REIT whose objective is to acquire, operate, and rehabilitate multifamily apartment communities. Including the Antilles acquisition, the Company now owns interests in twenty one such communities, of which eight are located in the Baltimore/Washington, D.C. metropolitan area, four are located in Virginia, two are located in the Chicago, Illinois area, two are located in Houston, Texas, two are located in Dallas, Texas, one is located in Austin, Texas and two are located in the Ft. Lauderdale, Florida area.

This press release contains "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 year ended December 31, 2003 and Quarterly Report on Form 10-Q for the three months ended September 30, 2004.

Contact Information: Berkshire Income Realty, Inc. One Beacon Street, Suite 1500 Boston, Massachusetts 02108

Attention: Phil Darby Telephone: [phone] E-mail: [e-mail] Facsimile: 1-617-423-8919