Home Properties, Inc.

Home Properties, Inc. is a company that develops, operates, and sometimes acquires apartment communities. It is a self-managed and administered Real Estate Investment Trust and operates in the Northeast, Mid-Atlantic, and Southeast Florida markets. Its communities generate returns in profits mainly because of the company’s improvements of their communities and their devotion to their customers.

The company has been in the business of providing housing for families and various communities since 1967. It currently now has 38, 071 apartments – 36,921 of which are owned, 868 are managed, and 282 are being managed for third party operations. Home Properties Inc. remains to be one of the preferred choices of various markets when it comes to housing.

The strategy of its business is to continue managing and improving their housing communities so that their net operation income will increase. It also concentrates on getting apartment communities that give high returns at low replacement costs.

An investment in Home Properties is low in risk but provides high dividends and has very good potential to appreciate through growth internally and externally. It also offers diversification benefits. The business focuses on already stable markets so buying them will cost less than the replacement costs.

The common stocks of Home Properties are traded on the New York Stock Exchange at its current stock price of $53.56. It reached its peak in 2006 and gradually decreased by 2007 but is slowly picking up in 2008. For the past three months starting from May 2008, Home Properties Inc. has been experiencing an upward trend so analysts are recommending holding stocks before doing anything just yet.