X0304 4 2011-08-24 0 0001178862 BERKSHIRE INCOME REALTY INC BIR.PR.A 0001224327 KAUFMAN ROBERT M C/O BERKSHIRE INCOME REALTY, INC. ONE BEACON STREET. SUITE 1500 BOSTON MA 02108 1 0 0 0 9 % Series A Cumulative Redeemable Preferred Stock 2011-08-24 4 S 0 1500 25.88 D 66173 D 9% Series A Cumulative Redeemable Preferred Stock 2011-08-24 4 S 0 500 25.9 D 2875 I Spouse On August 24, 2011, Robert M. Kaufman sold -1,500 shares of Berkshire Income Realty's 9% Series A Cumulative Redeemable Preferred Stock on the open market at a price of $25.88 per share for a total sale price of $38,820.00. On August 24, 2011, Christa Kaufman, wife of Robert M. Kaufman, sold 500 shares of Berkshire Income Realty's 9% Series A Cumulative Redeemable Preferred Stock on the open market at a price of $25.90 per share for a total sale price of $12,950.00. /s/ Robert M. Kaufman 2011-08-25