Berkshire Income Realty has reported net income after the sale of certain assets for the second quarter of the year as $9.64 million, compared to $23.12 million a year ago, a 58.3 percent decrease.
Without the sale of these assets, the company would have lost more than $9 million.
Despite a net income of $9.64 million for the second quarter of 2008, the company only managed to make $2.2 million through June 30, compared to $16.2 million over the first six months of 2007.