Berkshire Income Realty Secures Extension of Credit Facility Term.

BOSTON -- Berkshire Income Realty, Inc. (AMEX: BIR.PR.A), (AMEX: BIR_PA), (AMEX: BIRPRA), (AMEX: BIR-A), (AMEX: BIR.A), (AMEX: BIR/PRA) (the "Company") announced today that the Company has obtained an extension in the term of an existing credit facility (the "Agreement") outstanding with an affiliate of the Company.

The original Agreement makes available $20 million of revolving credit to the Company and provides for interest at a rate of 5% above the 30 day LIBOR rate, and had a maturity date of June 30, 2007. The extension provides that the current maturity date be replaced by a 60-day notice of termination provision by which the lender can affect a termination of the commitment under the Agreement and render all outstanding amounts due and payable. The extension also adds a clean-up requirement to the Agreement, which requires the borrower to repay in full all outstanding loans and have no outstanding obligations for a 14 consecutive day period during each 365-day period.

The Company is a REIT whose objective is to acquire, own, operate, and rehabilitate multifamily apartment communities. The Company owns interests in twenty-seven such multifamily apartment communities, of which nine are located in the Baltimore/Washington, D.C. metropolitan area, four 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, Charlotte, North Carolina, Tampa, Florida, Atlanta, Georgia, and Sherwood, Oregon.

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, 2006 and Quarterly Report on Form 10-Q for the three months ended March 31, 2007.