Berkshire Income Realty to Acquire Maryland Multifamily Apartment Community.

BOSTON -- Berkshire Income Realty, Inc. (AMEX:BIR_pa), (AMEX:BIRPRA),(AMEX:BIR.PR.A), (AMEX:BIR-A), (AMEX:BIR.A), (AMEX:BIR/PRA) announced today that the Company has signed an agreement to purchase Westchester West Apartments, a multifamily apartment community, from an affiliate of the Company, the majority of which is owned by outside interests.

Westchester West Apartments, a 345 unit multifamily apartment community, is located in Silver Spring, Maryland. The purchase price, which was agreed upon through arms length negotiations, is $39,250,000, subject to normal operating pro rations as provided in the agreement.

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

President and CFO David Quade comments "We are very excited about the opportunity to acquire this property. We believe the Silver Springs, Maryland market is poised to experience solid growth in the coming years and combined with the stability of an infill metro-Washington, D.C. location, Westchester West Apartments makes an excellent addition to our Maryland portfolio."

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.