ROCHESTER, N.Y., May 14, 2012 /PRNewswire/ -- [ Home Properties, Inc. ] (NYSE: [ HME ]) today announced that it has filed with the Securities and Exchange Commission to initiate an At-The-Market (ATM) equity offering program through which it may sell up to 4.4 million common shares. The shares would be sold from time to time through BofA Merrill Lynch, Jefferies, J.P. Morgan and RBS, which will act as sales agents and/or principals.

(Logo: [ http://photos.prnewswire.com/prnh/20101026/NY89070LOGO ])

The Company intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of debt, working capital, capital expenditures, acquisitions, development and redevelopment of apartment communities.

The Company has filed a registration statement, including a prospectus, and a prospectus supplement with the Securities and Exchange Commission (the SEC) with respect to the offering. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement relating to the ATM offering, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting the SEC website at [ www.sec.gov ]. Alternatively, the Company or the sales agents will arrange to send you the prospectus supplement, including the prospectus, if you request it by calling toll-free BofA Merrill Lynch at 866-500-5408, Jefferies at 877-547-6340, J.P. Morgan at 866-803-9204, or RBS at 203-897-9890.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Company's common stock nor shall there be any sale of such common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release contains forward-looking statements. Although the Company believes expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Factors that may cause actual results to differ include general economic and local real estate conditions, the weather and other conditions that might affect operating expenses, the timely completion of repositioning and new development activities within anticipated budgets, the actual pace of future acquisitions and dispositions, and continued access to capital to fund growth. Other risks and uncertainties are described in SEC filings, including the Annual Report on Form 10-K and periodic reports available on the SEC's website at [ www.sec.gov ]. Home Properties assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

[ Home Properties ] is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in selected Northeast and Mid-Atlantic markets. An S & P 400 Company, Home Properties owns and operates 124 communities containing 42,068 apartment units. For more information, visit Home Properties' website at [ www.homeproperties.com ].

SOURCE Home Properties, Inc.

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Home Properties Announces ATM Common Share Offering Program

Home Properties Announces ATM Common Share Offering Program