August 2001 Table of Contents

There's No Place Like Home There's No Place Like Home

Home Properties prides itself on its "family feel." This public real estate investment trust (REIT), formed by Nelson and Norman Leenhouts in 1967, is run more like a traditional family business than a corporation. The company specializes in acquiring and repositioning older properties, typically from smaller family-run businesses that are looking to get out of the multifamily industry, says Nelson Leenhouts, co-CEO in charge of operations. The average property age of the company's portfolio is 30 years. Read more

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