Cornerstone Realty Announces Third Quarter 2004 Earnings Conference Call.

RICHMOND, Va. -- Cornerstone Realty Income Trust, Inc. (NYSE:TCR) will hold its quarterly conference call to discuss third quarter results on Tuesday, November 9, 2004, at 10:00 a.m. Eastern Time (9 a.m. Central Time). Cornerstone's third quarter earnings will be released after the stock market closes on Monday, November 8, 2004.

This call is being webcast by Thomson/CCBN and can be accessed at Cornerstone's Web site at www.cornerstonereit.com.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

About Cornerstone Realty

Cornerstone Realty Income Trust, Inc. (NYSE:TCR) is a fully integrated, self-managed and self-advised real estate company that has operated as a real estate investment trust (REIT) since 1993. The company focuses on the ownership and management of multifamily communities in select markets in Virginia, North Carolina, South Carolina, Georgia and Texas. Currently Cornerstone owns 87 apartment communities with 22,910 units. Cornerstone is headquartered in Richmond, Virginia and its common stock trades on the New York Stock Exchange under the symbol "TCR."