CHARLOTTE, N.C. (Business Wire EON) September 28, 2007 -- Convergent Acquisitions & Development, Inc. (http://www.convergentacquisitions.com) is pleased to announce that recently released census information shows both North Carolina and South Carolina ranking in the top ten for housing growth. The population in Mecklenburg County grew by nearly 132,000 people and this has triggered the explosive growth of new construction.

This census data only confirms what we have been observing here in Charlotte for years. These are just the indicators we look for to insure that we position our customers in the best markets in the country to own investment real estate.

“People are drawn to the Charlotte area due to the strong economy creating an abundance of good jobs, as well as the high quality of life that is found here,” says Nick Sabardin, President and CEO of Convergent Acquisitions & Development. “This census data only confirms what we have been observing here in Charlotte for years. These are just the indicators we look for to insure that we position our customers in the best markets in the country to own investment real estate.”

http://www.topix.net/content/kri/2007/09/data-before-slowdown-in- housing-growth-carolinas-in-top-10

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

Real Estate Slump and Mortgage Mess Creates Greatest Investor Opportunities in a Generation

Charlotte, North Carolina Avoids National Housing Slump

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

Real Estate Developer, Convergent Acquisitions & Development, Inc., Announces Saint Johns Ridge Located Near Planned University City Development

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

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