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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/23/22 Umh Properties, Inc. 8-K:7,9 11/22/22 12:259K M2 Compliance LLC/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 42K 2: EX-99 Miscellaneous Exhibit HTML 9K 7: R1 Cover HTML 53K 10: XML IDEA XML File -- Filing Summary XML 12K 8: XML XBRL Instance -- form8-k_htm XML 20K 9: EXCEL IDEA Workbook of Financial Reports XLSX 8K 4: EX-101.DEF XBRL Definitions -- umh-20221122_def XML 74K 5: EX-101.LAB XBRL Labels -- umh-20221122_lab XML 104K 6: EX-101.PRE XBRL Presentations -- umh-20221122_pre XML 71K 3: EX-101.SCH XBRL Schema -- umh-20221122 XSD 15K 11: JSON XBRL Instance as JSON Data -- MetaLinks 27± 35K 12: ZIP XBRL Zipped Folder -- 0001493152-22-033448-xbrl Zip 22K
Exhibit 99
| FOR IMMEDIATE RELEASE | November 22, 2022 |
| Contact: Nelli Madden | |
| 732-577-9997 |
UMH PROPERTIES, INC. COMPLETES ACQUISITION OF OHIO MANUFACTURED HOME COMMUNITY
FREEHOLD, NJ, November 22, 2022........ UMH Properties, Inc. (NYSE: UMH) closed on the acquisition of a manufactured home community, located in Canton, Ohio, for a total purchase price of $19.1 million. This community contains 321 developed homesites, of which 77% are occupied. It is situated on approximately 170 acres.
Samuel A. Landy, President and Chief Executive Officer, commented, “We are pleased to complete the acquisition of Fohl Village. This is a high-quality community located in a strong market that we have historically performed well in. This community is in good condition, with limited deferred maintenance and capital improvements, and with strong upside through the infill of vacant sites. We plan on implementing our rental home business model which will improve operating results and increase the property value.
“We continue to opportunistically acquire communities that meet our growth criteria. Year-to-date, we have acquired six communities containing 1,226 sites for a total purchase price of $63 million. These communities have a blended occupancy rate of 59%, and significant upside through the infill of vacant sites.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 133 manufactured home communities with approximately 25,300 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina. UMH also has an ownership interest in and operates one community in Florida, containing 219 sites, through its joint venture with Nuveen Real Estate.
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| This ‘8-K’ Filing | Date | Other Filings | ||
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| Filed on: | 11/23/22 | None on these Dates | ||
| For Period end: | 11/22/22 | |||
| List all Filings | ||||