FREEHOLD, N.J., Jan. 22, 2019 /PRNewswire/ -- UMH Properties, Inc. (UMH) announced that it has been ranked the 7th largest manufactured home community portfolio owner/operator throughout North America in the 30th anniversary ALLEN REPORT authored by George Allen.
Samuel A. Landy, President and Chief Executive Officer, commented, "UMH is one of three publicly-traded REITs in the manufactured housing sector. Since 2010, we have acquired 90 communities containing approximately 15,000 sites for a total purchase price of approximately $450 million. We now own and operate one of the largest and most valuable portfolios in the industry. Our intentional creation of the scaled ownership of communities in our regions creates operating efficiencies that aid in accomplishing our mission of providing affordable housing."
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities with approximately 21,500 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.