UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): December 26, 2017

 

 

UMH Properties, Inc.

(Exact name of registrant as specified in its charter)

 

 

Maryland		001-12690		22-1890929
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

Juniper Business Plaza, 3499 Route 9 North, Suite 3-C, Freehold, NJ		07728
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code: (732) 577-9997

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 7.01

Regulation FD Disclosure.

 

On December 22, 2017, the Company issued a press release announcing the acquisition of five communities located in Pennsylvania.

 

Item 9.01

Financial Statements and Exhibits.

 

(d) Exhibits.

 

99

Press Release dated December 22, 2017

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	UMH Properties, Inc.
Date: December 26, 2017	By:	/s/ Anna T. Chew
	Name:	Anna T. Chew
		Vice President and Chief Financial Officer

 

 

 

FOR IMMEDIATE RELEASE	December 22, 2017
	Contact: Nelli Madden
	732-577-9997

 

UMH PROPERTIES COMPLETES ACQUISITION OF PENNSYLVANIA PORTFOLIO

 

FREEHOLD, NJ, December 22, 2017........ UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of five communities located in Pennsylvania for a total purchase price of approximately $22,780,000. This portfolio contains three all-age communities and two age-restricted communities with a total of 643 developed homesites. The portfolio is situated on approximately 141 acres. The weighted-average occupancy rate for this portfolio is approximately 72%.

 

Samuel A. Landy, President and Chief Executive Officer, commented, “UMH is pleased to announce this acquisition which increases our portfolio to 20,000 developed homesites. These communities are well located within an hour of downtown Pittsburgh and further strengthen our large presence in this dynamic market. These communities are in good condition and present strong growth potential as we execute on our plans to drive occupancy higher. We anticipate increased revenue and earnings due to the implementation of our rental home and sales programs.”

 

“During 2017, we strengthened our balance sheet, increased occupancy and revenue and acquired approximately $63,300,000 of manufactured home communities. We have positioned the company for an excellent 2018.”

 

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 112 manufactured home communities with approximately 20,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland and Michigan. In addition, the Company owns a portfolio of REIT securities.

 

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