Home Properties Completes Sale to Lone Star Funds
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
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