UMH Properties Inc (UMH.PR.D)

Overview

UMH Properties, Inc., established in 1968, operates as a public equity Real Estate Investment Trust (REIT). It is engaged in the ownership and operation of manufactured home communities, providing housing options across multiple states in the United States. UMH Properties boasts an extensive portfolio that includes 135 manufactured home communities with about 25,800 developed homesites. These properties span across New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, and Georgia. Furthermore, the company extends its reach to Florida through a joint venture with Nuveen Real Estate, managing two communities with a total of 363 homesites.

Products and Services

• Manufactured Home Communities

UMH Properties specializes in the ownership and operation of manufactured home communities. These communities offer affordable, quality housing options in well-developed home sites. The homes are designed to meet a variety of consumer needs, located in attractive areas that are often close to metropolitan regions, providing residents with convenient access to local amenities and services. Investing in these communities, UMH provides a unique blend of suburban living with the benefits of a planned neighborhood.

• Joint Venture with Nuveen Real Estate

In its strategic expansion, UMH Properties has entered into a joint venture with Nuveen Real Estate to operate two communities in Florida, adding 363 sites to its extensive portfolio. This collaboration represents UMH's commitment to growth and diversification of its housing offerings, tapping into new markets and opportunities to serve more customers. Through this partnership, UMH leverages Nuveen Real Estate's expertise and resources, ensuring the delivery of high-quality living environments and solidifying its footprint in the competitive Florida market.