Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LEENHOUTS NORMAN P
   2. Issuer Name and Ticker or Trading Symbol
HOME PROPERTIES INC [HME] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
HOME PROPERTIES, INC., 850 CLINTON SQUARE		 3. Date of Earliest Transaction (Month/Day/Year)
11/18/2010
(Street)

ROCHESTER, NY 14604		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $.01 11/18/2010   C   10,000 A $ 0 (1) 10,000 I By Knollwood Ventures (2)
Common Stock, Par Value $.01 11/23/2010   S   10,000 D $ 53.0087 (3) 0 I By Knollwood Ventures (2)
Common Stock, Par Value $.01               600 I Shares in account for minor grandchildren (4)
Common Stock, Par Value $.01               941 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units $ 0 (5) 11/23/2010   A   1,172 (6)     (7)   (7) Common Stock 1,172 $ 0 (6) 19,829 D  
Units of Limited Partnership Interest $ 0 (1) 11/18/2010   C     10,000   (1)   (1) Common Stock 10,000 $ 0 140,000 I By Knollwood Ventures (2)
Units of Limited Partnership Interest $ 0 (5)               (5)   (5) Common Stock 50,000   50,000 I By Spouse (4)
Units of Limited Partnership Interest $ 0 (5)               (5)   (5) Common Stock 4,472   4,472 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LEENHOUTS NORMAN P
HOME PROPERTIES, INC.
850 CLINTON SQUARE
ROCHESTER, NY 14604		   X      

Signatures

 /s/ Norman Leenhouts, By Ann M. McCormick, attorney-in-fact   11/24/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The units of limited partnership in Home Properties, L.P. were converted into shares of common stock of the Issuer on a one-for-one basis pursuant to the partnership agreement of Home Properties, L.P. The units have no expiration date.
(2) The Reporting Person is a director, shareholder and Chairman of Knollwood Ventures. This represents the Reporting Person's proportionate interest in the holdings of this entity.
(3) Represents the weighted average sale price with shares sold at prices ranging from $52.94 to $53.09. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
(4) Reporting Person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for puropses of Section 16 or for any other purpose.
(5) Converts to common stock on a one-for-one basis.
(6) Represents phantom stock units accrued to the Reporting Person's account pursuant to the Issuer's Director Deferred Compensation Plan at prices ranging from $53.45 to $52.9961. Represents phantom stock units accrued in lieu of cash in payment of meeting and stipend fees, the Issuer's contibution to the account pursuant to the Plan and hypothetical shares accrued pursuant to the dividend reinvestment feature of the Plan.
(7) The Reporting Person's account will be paid in the form of the Issuer's common stock on or about the dividend payment date following the 3rd, 5th or 10th anniversary of the deferral depending on the election of the Reporting Person.

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