|Home Properties will hold a special meeting of stockholders on Thursday, October 1, 2015, at 10:00 A.M., local time, at Clinton Square, 14th Floor,
Rochester, New York 14604 (the “Special Meeting”). At the Special Meeting, holders of record of the Company’s common stock will be asked to consider and
vote on the following matters:|
a proposal to approve the merger of the Company with and into LSREF4 Lighthouse Corporate Acquisitions, LLC, an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. (the “REIT merger”),
and the previously announced Agreement and Plan of Merger, dated as of June 22, 2015 and as may be amended from time to time (the “Merger Agreement”);
a non-binding, advisory proposal to approve the compensation that may become payable to the Company’s named executive officers in connection with the REIT merger; and
a proposal to approve any adjournments of the Special Meeting for the purpose of soliciting additional proxies if there are not sufficient votes at the Special Meeting to approve
the REIT merger and the Merger Agreement.
The Company’s board of directors fixed the close of business on August 14, 2015 as the record date for the determination of common stockholders entitled to notice of, and to vote at,
the Special Meeting and at any postponements or adjournments thereof.
|Home Properties (NYSE:HME) is a multifamily real estate investment trust (REIT) with operations in suburbs of major metropolitan areas, primarily along the East Coast of the United States. We adhere to a simple and straightforward business plan in our effort to provide investors with dependable financial returns that exceed those of comparable investments. Our apartment communities generate excellent financial results through physical improvements and an unwavering commitment to customer service. Home Properties has a proven, 20-year track record of creating and preserving value in multifamily rental housing.|
Our mission is to maximize long-term shareholder value by acquiring, repositioning, managing and owning market-rate apartment communities while enhancing the quality of life for our residents and providing employees with opportunities for growth and accomplishment.
Our vision is to be a prominent owner and manager of market-rate apartment communities located in high-barrier, high-growth markets.
Our business strategy includes
Aggressively managing and improving our communities to achieve increased net operating income.
Acquiring and repositioning apartment communities for long-term growth at prices that provide a positive spread over the Company’s long-term cost of capital.
Recycling assets by disposing of properties that have reached their potential or are less efficient to operate due to size or remote location.
Maintaining a strong and flexible capital structure with cost-effective access to the capital markets.
|Market Value ($M)||0.00|
|Stock Quote||$ 0.00|
|As of January 1, 0001|
Minimum 20 minute delay.