Home Properties of New York Inc., Rochester, N.Y., has changed its name to Home Properties Inc. and announced that its stock will begin trading under the new name (but with the same ticker symbol, HME) on Oct. 17.The real estate investment trust said the new name reflects the company's geographic growth since its initial public offering in 1994. At that time, the REIT owned nearly 4,000 apartment units, of which 85% were located in upstate New York. Today less than 25% of its more than 41,000 units are located in New York. Most are in the suburbs around Boston, Philadelphia, Baltimore, Washington, Detroit, and Chicago and in northern New Jersey, the REIT said. The company can be found on the Web at http://www.homeproperties.com.
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