UMH Properties, Inc. acquired one community located in Pennsylvania for $2.5 million.
January 24, 2017
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UMH Properties, Inc. (NYSE:UMH) acquired one community located in Pennsylvania for $2.5 million on January 24, 2017.
UMH Properties, Inc. (NYSE:UMH) completed the acquisition of one community located in Pennsylvania on January 24, 2017.
UMH Properties, Inc. is a real estate investment trust (REIT). The Companyâs primary business is the ownership and operation of manufactured home communities, leasing manufactured homesites to residents. The Company also leases manufactured homes to residents and, through its wholly owned taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customersâ privately owned land. The Company owns and operates 135 manufactured home communities, including two communities acquired through the Companyâs opportunity zone fund, containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia. In connection with the operation of its communities, the Company also leases homes to prospective tenants.
UMH PROPERTIES, INC. 
