UMH PROPERTIES, INC.
Juniper Business Plaza
3499 Route 9 North, Suite 3-C
Freehold, NJ 07728
(732) 577-9997
Fax: (732) 577-9980
FOR IMMEDIATE RELEASE
July 29, 2014
Contact: Susan Jordan
732-577-9997
UMH PROPERTIES, INC. ANNOUNCES NEW ACQUISITION
FREEHOLD, NJ, July 29, 2014……….UMH Properties, Inc. (NYSE: UMH) announcedthat it closed on the acquisition oftwo Ohiomanufactured home communities for $5,400,000. Thesetwo all-age communities contain a total of258 developedhomesites that are situated on approximately 40total acres.The average occupancy for these communities is approximately 91%.
Samuel A. Landy President, stated, “These communities are in strong geographic locations. They are well-occupied anda goodfit with our existing portfolio. UMHiseffectively executingitsgrowth plan. With this acquisition, we have surpassed the 15,000homesite milestone. We will continue toexpand our portfolio in our target market areas.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operateseighty-eightmanufactured home communitiescontaining approximately 15,100 developedhomesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, and Michigan. In addition, the Company owns a portfolio of REIT securities.
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