Our History
The Home Leasing Corporation was formed in 1967 by Nelson and Norman Leenhouts as a full-service real estate company serving the Greater Rochester area. From 1967 to 1994 HLC was the Managing General Partner of a diversified portfolio of real estate properties. In 1994, HLC formed Home
Nelson Leenhouts
Properties, a Real Estate Investment Trust (REIT) that is traded on the New York Stock Exchange under the ticker symbol HME. After its Initial Public Offering in 1994, Home Properties purchased the apartment business from Home Leasing Corporation and took over the management of its other commercial properties.
Home Properties operates, acquires and rehabilitates market rate apartment communities in selected Northeast, Midwest, Mid-Atlantic and Southeast Florida markets. Home Properties owns or manages over 30,000 apartments and has a market value of approximately $4 billion.
In 2004, Home Properties chose to exit the affordable housing business. At that time, Home Leasing Corporation formed the subsidiaries of Home Leasing, LLC and Home Leasing Development. Today, Home Leasing, LLC. is focused on managed growth with an emphasis on the development and management of affordable rental apartments and development of mixed use communities.