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 122 manufactured home communities with approximately 23,100 developed homesites. These communities are located in 8 states throughout the northeast: New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.[1]

UMH Properties, Inc.
TypePublic company
NYSE: UMH
Russell 2000 Index Component
Founded1968 (1968)
FounderEugene W. Landy
HeadquartersFreehold Township, New Jersey
Key people
 Eugene W. Landy, Chairman
Samuel A. Landy, President & CEO
Anna T. Chew, CFO
Revenue $46 million (2019)
$27 million (2019)
Total assets $1.025 billion (2019)
Total equity $546 million (2019)
Number of employees
420 (2019)
Websitewww.umh.com
Footnotes / references
[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.

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" (Press release). PR Newswire. April 2, 2013.
  4. Strauss, Eric (July 16, 2014). "REIT purchases four Pa. home communities". NJBiz.
  5. Schooley, Tim (July 16, 2014). "UMH Properties Inc. buys 4 manufactured home communities in region". American City Business Journals.
  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" (Press release). PR Newswire. September 1, 2016.
  9. "UMH Properties Completes Acquisition Of Pennsylvania Community" (Press release). PR Newswire. January 24, 2017.
  10. "UMH Properties Completes Acquisition Of Two Ohio Communities" (Press release). PR Newswire. January 20, 2017.
  11. "UMH Properties Completes Acquisition Of Maryland Community" (Press release). PR Newswire. May 31, 2017.
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