FOR IMMEDIATE RELEASE
October 28, 2011
Contact: Susan M. Jordan
732-577-9997
UMH PROPERTIES, INC. ANNOUNCES NEW ACQUISITION
FREEHOLD, NJ, October 28, 2011….UMH Properties, Inc. (NYSE Amex:UMH) announced today that it has closed on the acquisition of Clinton Mobile Home Resort, a 116-site manufactured home community situated on 24 acres, located in the City of Tiffin, County of Seneca, in the State of Ohio, for a purchase price of $3,450,000. With this purchase, UMH now owns thirty-nine manufactured home communities consisting of approximately 8,860 sites.
Samuel A. Landy, President, stated, “We are pleased to announce the acquisition of this 98% occupied community. The operation of Clinton Mobile Home Resort will fit in nicely with our existing Ohio communities. This well-located, age 55 and older community is a welcome addition to our growing portfolio.”
UMH Properties, Inc., a publicly owned REIT, owns and operates thirty-nine manufactured home communities with 8,860 total home sites located in New Jersey, New York, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities.
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