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

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