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Hogan Lovells Advises Home Properties Acquisition by Lone Star Funds

22 June 2015

WASHINGTON, D.C., 22 June 2015 – Hogan Lovells has advised Home Properties, Inc. (NYSE: HME) on its proposed acquisition by an affiliate of Lone Star Funds, in a cash transaction valued at approximately US$7.6 billion, including assumption of existing debt. Upon completion of the transaction, Home Properties, Inc. will become a privately held company.

Concurrently with the execution of the merger agreement, Home Properties, Inc. has entered into an agreement to contribute a portfolio of up to six properties containing as many as 3,246 units to UDR, Inc., (NYSE: UDR) a US$13 billion, leading multifamily real estate investment trust, in exchange for a combination of cash and newly issued units of a newly formed subsidiary of UDR.
The Hogan Lovells Washington-based team advising Home Properties, Inc. on this matter was led by partners Warren Gorrell and David Bonser and included partners Prentiss Feagles and Bruce Gil‎christ, counsel Matt Thomson and associates Stacey McEvoy and Katherine Tyson, with additional contributions from partners Margaret de Lisser, Lee Berner and Michelle Harrington and associates Robert Baldwin and Laura Szarmach.

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