Home Properties invests in, develops, renovates, and operates multifamily residential properties, primarily in growth markets in the Northeast and Mid-Atlantic. The self-administered real estate investment trust (REIT) owns and manages a portfolio of more than 120 apartment communities with around 42,000 individual units. It invests in communities for which it can provide a little TLC (such as improved landscaping, interior upgrades, and amenities such as swimming pools) to boost property values post-rehabilitation. The REIT also develops new properties, usually on raw land adjacent to existing properties in its portfolio. Lone Star Funds acquired the REIT in late 2015, taking it private.