New York, June 25, 2015 -- Moody's Investors Service has placed the Baa2 issuer rating of Home Properties, Inc. ("Home Properties") and the senior unsecured shelf rating of Home Properties, L.P. under review for downgrade. This rating action follows the announcement on June 22, 2015 that Home Properties is being acquired by an affiliate of Lone Star Funds in a transaction valued at approximately $7.6 billion. The acquisition is expected to close in the fourth quarter of 2015.
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