Convergent Acquisitions & Development, Inc Announce Townhomes the Trend in Charlotte, North Carolina Real Estate

Business Wire, July 27, 2007

CHARLOTTE, N.C. -- Convergent Acquisitions & Development, Inc. (http://www.convergentacquisitions.com), a leading developer and vendor of real estate is pleased to share that townhomes and condominiums are becoming the trend in the Charlotte real estate market. A recent front page article in The Charlotte Observer reported that sales of condominiums and townhomes have more than doubled in the last ten years. This trend was predicted by Convergent Acquisitions and Development's senior staff four years ago.

As land prices become more expensive in Charlotte, townhomes and condominiums become more attractive to both developers and buyers. Many are built in multi-use developments that draw both young professionals and retirees, two major demographics in the Charlotte marketplace.

"Through our research here at Convergent Acquisitions, we saw the townhome trend on the rise and designed our communities accordingly," says President and CEO Nick Sabardin. "With today's busy lifestyle, people like to live in communities that are full of amenities and have little or no maintenance requirements. We have every confidence that our units, properly positioned in the supercharged pockets of this expanding market, give our clients the best potential for building wealth through appreciation."

Go to http://www.convergentacquisitions.com/inthenews/ to learn more about Convergent Acquisitions and Development in the news.

About the Company:

Convergent Acquisitions & Development, Inc is a leading vendor and developer of real estate especially focused on serving the non-owner occupied or "real estate investor" market. Founded around a team of real estate professionals with in-depth knowledge of the market and a wealth of experience, Convergent Acquisitions and Development, Inc provides single family homes in emerging markets well poised for income and appreciation potential.

Convergent president Nick Sabardin, BS, MBA, graduated from the prestigious Sorbonne University in Paris, France, before spending several years as a business consultant to some of France's largest corporations. He completed his education by earning his MBA at San Jose State University in Silicon Valley, with an emphasis on technology and marketing. He flew as a commercial airline pilot under US Airways' colors for five years after graduation, and fell in love with the Charlotte area, a US Airways hub. He is a long time experienced real estate investor.

http://www.convergentacquisitions.com