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UMH Properties

UMH Properties, Inc. (formerly United Mobile Homes Inc.) is a public equity real estate investment trust (REIT) that owns and operates a portfolio of 135 manufactured home communities with approximately 25,700 developed homesites. These communities are located in 12 states: New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, Georgia, and Florida. UMH also owns and operates two communities in Florida through its joint venture with Nuveen Real Estate.[1]

History

The company was founded in 1968 by Eugene W. Landy.[2]

In 2006, the company changed its name from United Mobile Homes, Inc. to UMH Properties, Inc.

In 2013, the company acquired Holiday Mobile Village in Nashville, Tennessee for $7.25 million.[3]

In 2014, the company acquired 4 communities in Pennsylvania for $12.2 million[4][5] and 10 communities in Ohio for $30.4 million[6]

In 2015, the company acquired 6 properties in Ohio, Indiana and Michigan from Sun Communities for $68.6 million and 6 communities in Pennsylvania for $12.6 million.[7]

In 2016, the company acquired 3 properties in Ohio for $7.3 million.[8]

In 2017, the company acquired 6 communities in Pennsylvania for $25.3million,[9] 2 2 communities in Indiana for $24.4 million[10] and a property in Maryland for $4 million.[11]

In 2018, the company acquired 3 communities in Indiana for $24 million, 3 communities in Ohio for $35.1 million.

In 2019, the company acquired 1 community in Ohio for $19.4 million, 2 communities in Pennsylvania for $11.7 million, 1 community in Michigan for $25.2 million.

In 2020, the company acquired 1 community in Pennsylvania for $3.34 million[12] and 1 community in New York for $4.5 million.[13]

In 2021, the company acquired 1 community in Alabama for $4.6 million,[14] 1 community in South Carolina for $3.4 million[15] and 1 community in Ohio for $10.3 million.[16] The company also acquired 1 community in Florida for $22.2 million through its joint venture with Nuveen Real Estate.[17]

In 2022, the company acquired 1 community in Pennsylvania for $5.8 million,[18] 1 community in Pennsylvania for $7.4 million,[19] 1 community in Alabama for $3.9 million,[20] 1 community in Michigan for $39 million,[21] 1 community in South Carolina for $5.2 million,[22] 1 community in Ohio for $19.1 million,[23] and 1 community in New Jersey for $23 million.[24] The company acquired 1 community in Florida for $15.1 million through its joint venture with Nuveen Real Estate.[25]

In 2023, the company acquired 1 community in Georgia for $3.65 million through its qualified opportunity zone fund.[26]

External links

References

  1. UMH Properties, Inc. 2019 Form 10-K Annual Report U.S. Securities and Exchange Commission^
  2. Eugene W. Landy ’58 Honored for Years of Service and Leadership Yale Law School, January 25, 2017^
  3. UMH Properties, Inc. Announces New Acquisition PR Newswire, April 2, 2013^
  4. Eric Strauss. REIT purchases four Pa. home communities NJBiz, July 16, 2014^
  5. Tim Schooley. UMH Properties Inc. buys 4 manufactured home communities in region American City Business Journals, July 16, 2014^
  6. UMH PROPERTIES ACQUIRES TWO MOBILE HOME PARKS IN OHIO FOR $5.4M RE Business Online, July 30, 2014^
  7. UMH Properties Acquires Three Manufactured Home Communities for $32.5 Million Multifamily Biz, August 21, 2015^
  8. UMH Properties, Inc. Completes Acquisition Of Two Ohio Communities PR Newswire, September 1, 2016^
  9. UMH Properties Completes Acquisition Of Pennsylvania Community PR Newswire, January 24, 2017^
  10. UMH Properties Completes Acquisition Of Two Ohio Communities PR Newswire, January 20, 2017^
  11. UMH Properties Completes Acquisition Of Maryland Community PR Newswire, May 31, 2017^
  12. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF PENNSYLVANIA COMMUNITY umh.reit, retrieved 2021-06-04^
  13. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF NEW YORK MANUFACTURED HOUSING COMMUNITY umh.reit, retrieved 2021-06-04^
  14. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF ALABAMA MANUFACTURED HOME COMMUNITY umh.reit, retrieved 2021-06-04^
  15. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF SOUTH CAROLINA MANUFACTURED HOME COMMUNITY umh.reit, retrieved 2021-06-04^
  16. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF OHIO MANUFACTURED HOME COMMUNITY umh.reit, retrieved 2021-06-04^
  17. UMH PROPERTIES, INC. ENTERS FLORIDA MARKET^
  18. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF PENNSYLVANIA MANUFACTURED HOME COMMUNITY^
  19. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF PENNSYLVANIA MANUFACTURED HOME COMMUNITY^
  20. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF ALABAMA MANUFACTURED HOME COMMUNITY^
  21. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF MICHIGAN MANUFACTURED HOME COMMUNITY^
  22. UMH PROPERTIES, INC. ANNOUNCES ACQUISITION OF A SOUTH CAROLINA COMMUNITY THROUGH ITS NEWLY-FORMED QUALIFIED OPPORTUNITY ZONE FUND^
  23. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF OHIO MANUFACTURED HOME COMMUNITY^
  24. UMH PROPERTIES, INC. COMPLETES ACQUISITION OF NEW JERSEY MANUFACTURED HOME COMMUNITY^
  25. UMH PROPERTIES, INC. ACQUIRES NEWLY DEVELOPED COMMUNITY IN FLORIDA^
  26. UMH PROPERTIES, INC. ANNOUNCES ACQUISITION OF A GEORGIA COMMUNITY THROUGH ITS QUALIFIED OPPORTUNITY ZONE FUND^