Home Properties Announces Opening of Eleven55 Ripley in Silver Spring, Md.

SILVER SPRING, Md., Feb. 27, 2014 /PRNewswire/ -- Home Properties, Inc. (NYSE:HME) today announced the opening of the leasing office at its newly constructed apartment community, Eleven55 Ripley. Eleven55 Ripley features two buildings located in downtown Silver Spring, Md., just 300 feet from the Silver Spring Transit Center, a major transportation hub housing the Silver Spring Metro station (Red Line), MARC station, and Metrobus platforms.

Designed by acclaimed Washington, D.C. firm, Shalom Baranes Associates, P.C., Eleven55 Ripley features a sleek, 21-story apartment tower – the tallest building in Silver Spring – offering panoramic views of metro D.C. The leasing office is located on the first floor of the tower. The tower features The Flats, apartments that begin on the fifth floor and continue to the 21^st floor, offering a variety of floor plans, including: studio, one- and two-bedroom options, some with den, all of which are now available for leasing. Residents of The Flats' began moving in during December 2013. Also part of the tower is The Towns – seven, three-story luxury townhomes located street side, expected to be available for leasing in March 2014.

Eleven55 Ripley's smaller, five-story building, The Lofts, is adjacent to the tower and features 28 boutique, luxury, loft-style apartments. The Lofts is projected to be available for leasing in the second quarter of 2014.

"Home Properties' goal is to keep our residents here for the long haul, enjoying the exciting community feel and highly amenitized lifestyle we are offering at Eleven55 Ripley," said Jessica McMaster, Eleven55 Ripley's Property Manager.

Eleven55 Ripley residents will enjoy metropolitan living at its finest, highlighted by the tower's luxury amenities package, unrivaled in the Silver Spring market. Amenities include Sky Deck, with a rooftop pool, lounge and grill area, and Sky Lounge, with a 3,000-square foot clubroom and catering kitchen. Eleven55 Ripley residents will also enjoy a video gaming room, high-definition theatre, two-story fitness center with yoga room, and a private, landscaped garden terrace. A unique feature to this urban community is a public "pocket park" adjacent to the tower. This green space commemorates the work of Rachel Carson, world-renowned Silver Spring environmentalist and humanitarian.

A company committed to green construction, Home Properties plans to attain the LEED® (Leadership in Energy and Environmental Design) building certification at the GOLD level for Eleven55 Ripley. Developed by the U.S. Green Building Council, LEED® is a third-party certification program and the nationally-accepted benchmark for the design, construction and operation of high-performance green buildings.

For leasing information, please visit www.Eleven55Ripley.com, or call (301) 587-5785.

Home Properties is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in suburbs of major metropolitan areas in selected Northeast and Mid-Atlantic markets.  An S & P 400 Company, Home Properties owns and operates 120 communities containing 42,297 apartment units.  For more information, visit Home Properties' website at www.homeproperties.com.

Contact: Charis W. Warshof, Vice President, Investor Relations, +1-585-295-4237

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SOURCE Home Properties, Inc.