BERKSHIRE INCOME REALTY, INC. c/o The Berkshire Group One Beacon Street, Suite 1500 Boston, Massachusetts 02110 Termination Notice

BERKSHIRE INCOME REALTY, INC.

c/o The Berkshire Group

Xxx Xxxxxx Xxxxxx, Xxxxx 0000

Boston, Massachusetts 02110

Termination Notice

April 26, 2005

Via Facsimile (000) 000-0000

and Via Federal Express

Xx. Xxxx Xxxxxxx et. al.

c/o Property Capital Group

Suite 203

000 Xxx Xxxxx Xxxx

Baltimore, MD 21208

Attention: Xx. Xxxx Xxxxxxx

Re:	Pelham Wood Limited Liability Limited Partnership
	Pelham Wood Apartments, Baltimore, Maryland

Gentlemen:

Reference is hereby made to that certain Agreement of Sale dated as of March 16, 2005 by and between Xxxx Xxxxxxx, general and limited partner, Xxxx X. Xxxxxx, general and limited partner, Xxxxxxx Xxxxxx, limited partner, Xxxx Xxxxxx, limited partner, Xxxxxx Xxxxxxx, limited partner, Xxxxxx Xxxxxxx, limited partner, Xxxx X. Xxxxx, limited partner, The Xxxxxxx & Xxxxxxxx Xxxxx Charitable Trust A, limited partner, and The Xxxxxxx & Xxxxxxxx Xxxxx Charitable Trust B, limited partner, collectively, as seller, and Berkshire Income Realty, Inc., as buyer (“Buyer”), concerning the Property defined therein (the “Purchase Agreement”). All capitalized terms used herein and not otherwise defined shall have the same respective meanings herein as in the Purchase Agreement.

Pursuant to Section 19.3 of the Purchase Agreement, the undersigned Buyer hereby terminates the Purchase Agreement. By copy of this letter, Xxxxx directs the Title Company to return the Initial Deposit to Buyer in accordance with the terms of the Purchase Agreement.

[signature page to Termination Notice]

Very truly yours,
BERKSHIRE INCOME REALTY, INC.
By:	/s/ Xxxxxxx X. Xxxxxxx
Name:  Xxxxxxx X. Xxxxxxx
Title:    Vice President

cc:	Adelerg, Xxxxx, Xxxx & Xxxxxxx
	Suite 600
	Mercantile Bank & Trust Building
	0 Xxxxxxx Xxxxx
	Baltimore, Maryland 21201
	Attention: X. Xxxxxxx Xxxxxxx, Esq.
	Fax: (000) 000-0000

Xx. Xxxxxxx X. Xxxxxxx

Xxxxxxx X. Xxxxxx, Esq.

Xxxxxx X. Xxxxx, Esq.