|Home Properties, Inc. (Home Properties) is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires, develops and rehabilitates apartment communities. The Company conducts its business through Home Properties, L.P. (the Operating Partnership), a New York limited partnership, and a management company, Home Properties Resident Services, Inc. (HPRS), which is a Maryland corporation. At December 31, 2012, the Company held 83.2% of the limited partnership units in the Operating Partnership (UPREIT Units). Home Properties, through its affiliates described above, as of December 31, 2012, owned and operated 121 communities with 42,635 apartment units .In May 2012, the Company purchased The Manor East in Leesburg and Woodway at Trinity Centre. On June 28, 2012, the Company purchased Howard Crossing (1,350 units) in Ellicott City, Maryland. In April 2013, it announced the sale of two properties with a combined total of 511 units.