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Lone Star Funds buying real estate investment trust Home Properties for about $4.36 billion

2015-06-22 15:59:58| Real Estate - Topix.net

Dallas' Lone Star will pay $75.23 per Home Properties share, a 3 per cent premium to the real estate investment trust's Friday closing price of $72.73. Separately, Home Properties Inc. is exchanging a portfolio of up to six properties with UDR Inc. for a combination of cash and newly issued units of a new subsidiary of UDR.

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