S&P to Add REIT to SmallCap Index

Standard & Poor's has announced that Home Properties Inc., a real estate investment trust based in Rochester, N.Y., will replace Kellwood Co. in S&P's SmallCap 600 Index. S&P said the move, scheduled to occur after the close of trading on Feb. 12, was prompted by the pending acquisition of Kellwood by a private equity firm. Home Properties, an apartment REIT, will be added to the index's Residential REITs sub-industry index.