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Real Estate Developer Convergent Acquisitions & Development, Inc's Announces Charlotte, North Carolina's Strong Economy Protects the City from Housi

CHARLOTTE, N.C. (BusinessWire EON) September 25, 2007 -- Charlotte is home to the headquarters of both Bank of America and Wachovia, the second and the fourth largest banks in the United States. They employ 35,000 people in the Charlotte area and are continuing to grow. This strong economic growth was one of the contributing factors to the 6.78 percent increase in home prices in Charlotte as compared to the 3.49 percent decrease seen nationwide according to the S&P/Case-Shiller index.

"We predicted just this kind of growth years ago and that is why we located here in Charlotte," says Nick Sabardin President and CEO of Convergent Acquisitions. A strong and growing economy is among the signs in our Rule of Eight that a market has strong potential for appreciation. Strong economies lead to growth and that is one of the best predictors of an appreciating market."

To read the entire article click on the link below:

www.bloomberg.com/apps/news?pid=email_en&refer=&sid=a_JIZyb3zZec

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.

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