Attached files
| file | filename |
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| 8-K - FORM 8K NEW DIRECTOR KOCH - HOME PROPERTIES INC | hmeform8kkoch.htm |
Exhibit
99
FOR
IMMEDIATE RELEASE
HOME
PROPERTIES ADDS DIRECTOR
ROCHESTER, NY,
FEBRUARY 18, 2010 – Home Properties
(NYSE:HME) today announced the appointment of a new director, Charles John
(“Bud”) Koch. Koch was Chairman, President and Chief Executive
Officer of Charter One Financial, Inc. prior to its sale to The Royal Bank of
Scotland in 2004. He begins his term on March 1, 2010 and will stand
for re-election by the stockholders at Home Properties' May 2010 annual
meeting. With this additional independent director, the total number
of board members will be eleven.
Koch, age
62, was with Cleveland, Ohio-based Charter One Financial, Inc. and its
wholly-owned subsidiary, Charter One Bank N. A., from 1973 to
2004. He was elected President and Chief Operating Officer in
1980, President and Chief Executive Officer in 1988, and Chairman, President and
Chief Executive Officer in 1995.
Koch is
on the Board of Directors of Assurant, Inc. and Citizens Financial Group (an
affiliate of The Royal Bank of Scotland). He is also Chairman of the
Board of Trustees of Case Western Reserve University, on the Board of Directors
of John Carroll University, and a Public Interest Director on the Board of The
Federal Home Loan Bank of Cincinnati. He received his BA from Lehigh
University and his MBA from Loyola College of Maryland.
“Bud’s
long-term experience running a large public company will be a tremendous asset
to Home Properties’ board,” said Norman Leenhouts, Co-Chair of Home Properties’
Board of Directors. “The Company will benefit greatly from Bud’s
vision, financial background and management expertise.”
Home Properties is a
publicly traded apartment real estate investment trust that owns, operates,
develops, acquires and rehabilitates apartment communities primarily in selected
Northeast, Mid-Atlantic and Southeast Florida markets. Currently,
Home Properties operates 108 communities containing 37,108 apartment units. Of
these, 35,958 units in 106 communities are owned directly by the Company; 868
units are partially owned and managed by the Company as general partner, and 282
units are managed for other owners. For more information, visit
Home Properties’ Web site at homeproperties.com.
###
For further
information:
Charis
W. Warshof, Vice President, Investor Relations, (585) 295-4237
850
Clinton Square/Rochester, New York 14604/(585) 546-4900/FAX (585)
546-5433
www.homeproperties.com