The 371-unit complex has achieved a 95% economic occupancy rateover the last three years with rents currently averaging $766 permonth. The trust says it plans on spending $1.6 million on thecomplex over the next three years for deferred maintenance and torefurbish the club house.

Home Properties is the 11th largest apartment REIT in thenation. The trust either owns, partially owns or manages 49,395apartments.

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