UMH Properties Inc

UMH Properties, Inc., organized in 1968, is a public equity REIT that owns and operates manufactured home communities. Its portfolio comprises 145 communities with approximately 27,300 developed homesites, of which 11,400 contain rental homes, plus over 1,000 self-storage units. The communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Pennsylvania and Ohio are the largest concentrations. Three of the communities (two in Florida, one in Pennsylvania) are held through joint ventures with Nuveen Real Estate, in which UMH holds 42% and 40% interests respectively. UMH has two revenue streams: rental and related income from homesite and rental-home leases, and sales of manufactured homes to residents. It also holds a marketable REIT securities portfolio. The company funds itself through mortgages, an unsecured line of credit, Series A and B bonds (also listed on the Tel Aviv Stock Exchange), and 6.375% Series D cumulative redeemable preferred stock. Its growth strategy centers on filling about 3,100 vacant lots, converting land into new sites on roughly 2,400 developable acres, expanding its rental home fleet, and selective community acquisitions. Updated Nov 2, 2026