UMH Properties (UMH) Acquires PA, NY Manufactured Home Props in $28.3M Deal
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UMH Properties, Inc. (NYSE: UMH) has entered into a definitive agreement to acquire 11 manufactured home communities located in Pennsylvania and New York.
There are ten communities located in Pennsylvania and one is located in New York. The aggregate purchase price to be paid by UMH in this transaction is approximately $28.25 million.
The transaction is expected to be completed during the third quarter of 2012. This acquisition is subject to due diligence and other customary closing conditions and therefore there can be no assurance that this acquisition will take place by the end of the third quarter 2012 or at all.
There are ten communities located in Pennsylvania and one is located in New York. The aggregate purchase price to be paid by UMH in this transaction is approximately $28.25 million.
The transaction is expected to be completed during the third quarter of 2012. This acquisition is subject to due diligence and other customary closing conditions and therefore there can be no assurance that this acquisition will take place by the end of the third quarter 2012 or at all.
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