ROCHESTER, N.Y., Oct. 7, 2015 /PRNewswire/ -- Home Properties,
Inc. (NYSE: HME) ("Home Properties"), today announced the
completion of its acquisition by an affiliate of Lone Star
Funds ("Lone Star"). Home Properties
stockholders are entitled to receive $75.23 in cash for each share of Home Properties'
common stock they own.
As a result of the completion of the transaction, Home
Properties common stock will no longer be listed for trading on the
New York Stock Exchange, effective as of the close of trading
today.
About Home Properties
Home Properties is a privately held multifamily investment
company that owns, operates, acquires and repositions apartment
communities in suburbs of major metropolitan areas, primarily along
the East Coast of the United
States. Home Properties owns and operates 108 communities
containing 36,341 apartment units. For more information, please
visit the Company's website at www.homeproperties.com.
About Lone Star Funds
Lone Star is a global private
equity firm that invests in real estate, equity, credit, and other
financial assets. Since the establishment of its first fund in
1995, Lone Star has organized twelve
private equity funds with aggregate capital commitments totaling
approximately $60 billion. The Funds
are advised by Lone Star Global Acquisitions, Ltd. (LSGA), an
investment adviser registered with the U.S. Securities and Exchange
Commission. LSGA and its global subsidiaries advise the Funds from
offices in North America,
Western Europe and East Asia.
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SOURCE Home Properties
