Abstract
AbstractProperty, Real Estate & Development (MIC: 8.3 SIC: 6798 NAIC: 525930)Home Properties is a self‐administered and self‐managed real estate investment trust that owns, operates, acquires, develops and rehabilitates apartment communities. Co.'s properties are regionally focused in select Northeast, Mid‐Atlantic, Midwest and Southeast Florida markets of the U.S. Co. conducts its business through Home Properties, L.P. in which Co. held a 65.2% partnership interest as of Dec 31 2005. Co., through its affiliates, as of Dec 31 2005, operated 158 communities with 47,001 apartment units. Of these, 43,432 units in 153 communities were owned outright, 868 units were managed and partially owned by Co., and 2,701 units in four communities are managed for other owners.
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