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Home Properties to begin equity offering program

By ANDREA DECKERT - 5/14/2012 3:09:37 PM

Home Properties Inc. may sell up to 4.4 million of its common share stock, filings with the Securities & Exchange Commission show.

The company said Monday it would initiate an At-The-Market equity offering program to sell the stock. The shares would be sold from time to time through various lending agencies who will act as sales agents or principals, officials said.

Home Properties said the net proceeds from the offering would be used for general corporate purposes, which could include the repayment of debt, working capital, capital expenditures, acquisitions and development of apartment communities.

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