Home Properties Reports Second Quarter 2014 Results And Announces Quarterly Dividend — Rochester, N.y., July 31, 2014 /prnewswire/ —

The Preserve was built in 1975 and consists of 23 two-story buildings with brick and vinyl exteriors, balconies and pitched roofs. During the first three years of ownership, the Company expects to invest a total of $3.6 million in interior renovations, upgrading 15% of the community’s apartments each year as leases expire. At closing, The Preserve was 93.4% occupied at monthly rents averaging $1,084 per unit. http://www.prnewswire.com/news-releases/home-properties-reports-second-quarter-2014-results-and-announces-quarterly-dividend-269439651.html

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