June 7, 2006 For Immediate Release
Bluerock Real Estate Creates Award Winning Condominium Conversion Communities in Oakland County

The Building Industry of Southeastern Michigan recently recognized two of Bluerock Real Estate's condominium communities with five distinguished Sales and Marketing Council Awards. North Park Place Condominiums of Southfield received two gold awards for Conversion of the Year and Best Interior Merchandising. The Condominiums at Auburn Ridge, located in Auburn Hills, received three silver awards for Conversion of the Year, Best Print Advertisement and Best Brochure.

Bluerock, national investment and development company, purchased both communities in 2004. This decision was influenced by projected job growth in Oakland County. Oakland County continues to show economic resilience and gains in "knowledge based" jobs.

North Park Place Condominiums leads in the growing initiative to attract business and residential homebuyers to Southfield's Cornerstone District, an area targeted by the Downtown Development Authority to enhance the city's cosmopolitan and culturally diverse residential population.

The Condominiums at Auburn Ridge, with its premier Auburn Hills location, was an ideal choice for targeting first time homebuyers who desire affordable, maintenance free condominium living. This thriving community, also known as the high-tech corporate capital of Oakland County, boasts DaimlerChrysler World Headquarters, Oakland University and renowned hospitals.

With the success of both North Park Place Condominiums and The Condominiums at Auburn Ridge, Bluerock Real Estate has proven that it is possible to convert rental units with outdated floor plans and decor into award winning luxury condominiums that are in the price range of $120,000-$180,000

For more information visit us on the web at www.bluerockre.com or 248-423-1115.

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