UMH Properties (UMH) Acquires 11 Manufactured Home Props in NY, PA for $28.25M
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UMH Properties, Inc. (NYSE: UMH) announced that, on August 1, 2012, it closed on the acquisition of 11 manufactured home communities, ten located in Pennsylvania and one located in New York. The total purchase price was $28,250,000. With this closing, UMH owns 53 communities consisting of approximately 10,100 developed homesites.
These 11 all-age family communities total 968 sites situated on 200 acres. The average occupancy for these communities is approximately 92%.
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These 11 all-age family communities total 968 sites situated on 200 acres. The average occupancy for these communities is approximately 92%.
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