Market Overview

Home Properties Acquires Two Apartment Communities

Home Properties, Inc . (NYSE: HME) today announced that, on December 15, 2011, it purchased The Gates of Deer Grove in Palatine, Ill. for $20.2 million and, on November 30, 2011, it purchased an apartment community in Herndon, Va. for a total purchase price of $92.75 million.  Year-to-date, the Company has purchased $500.8 million in apartment assets.

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