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

CHARLOTTE, N.C. (BusinessWire EON) July 20, 2007 -- This week, Crescent Resources, LLC shared their plans to develop the rest of the 205 acre tract that surrounds the home of the future IKEA store. Plans include retail shopping, restaurants and residences. The developers' plan that the multi-use facility, dubbed Belgate, will be completed within five years and act as a gateway for the University City area of Charlotte.

"When we chose University City for Saint Johns Ridge we saw many up indicators that predicated this kind of growth in the area," says Convergent Acquisitions' President & CEO Nick Sabardin. "A development of this magnitude almost always has a positive effect on the real estate values in an area."

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.

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