ROCHESTER, N.Y., Oct. 28 /PRNewswire-FirstCall/ -- Home Properties (NYSE: HME) today declared a regular cash dividend on the Company's common shares of $0.67 per share for the quarter ended September 30, 2009. The dividend is payable on November 24, 2009 to shareholders of record on November 12, 2009 and is equivalent to an annualized rate of $2.68 per share. The current annual dividend represents a 6.8% yield based on yesterday's closing price of $39.35. Home Properties' common stock will begin trading ex-dividend on November 9, 2009. Home Properties is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in selected Northeast, Mid-Atlantic and Southeast Florida markets. Currently, Home Properties operates 109 communities containing 37,539 apartment units. Of these, 36,389 units in 107 communities are owned directly by the Company; 868 units are partially owned and managed by the Company as general partner, and 282 units are managed for other owners. For more information, visit Home Properties' Web site at http://www.homeproperties.com/. For further information: David P. Gardner, Executive Vice President and Chief Financial Officer, (585) 246-4113 Charis W. Warshof, Vice President, Investor Relations, (585) 295-4237 DATASOURCE: Home Properties CONTACT: David P. Gardner, Executive Vice President and Chief Financial Officer, +1-585-246-4113, or Charis W. Warshof, Vice President, Investor Relations, +1-585-295-4237, both for Home Properties Web Site: http://www.homeproperties.com/

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