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Home Leasing, LLC Overview
Twin brothers, Nelson and Norman Leenhouts, founded Home Leasing Corporation in 1967. For more than 25 years, Nelson and Norman grew Home Leasing Corporation into a substantial real estate business with a diversified portfolio of single-family homes, apartments, and commercial properties. After years of success, Nelson and Norman formed Home Properties, which became a public company in 1994 was traded on the New York Stock Exchange under the symbol HME. During that time, the company grew to have approximately 50,000 rental apartments in 12 states, including 10,000 affordable apartments. From 1994 until 2005, Nelson and Norman served as joint CEOs of Home Properties.
In 2004, Home Properties transitioned its affordable housing and commercial real estate back to Nelson and Norman. In 2006, Home Leasing split the affordable housing and commercial business, with Norman’s family forming Broadstone Real Estate and taking over all commercial properties, while Nelson’s family formed Home Leasing, LLC, and took over the affordable housing and community development segments of the business. Today, there are three generations of family on the Home Leasing team.