follow us:Google+ FacebookLinkedInTwitterRSS Feeds

advertisement

UMH acquires 1,800-home portfolio in $67.5M deal

By

Back to Top Comments Email Print

News You Can Use

Latest News

advertisement

UMH Properties Inc., of Freehold, announced Friday it closed on the acquisition of a portfolio of 10 manufactured home communities in a $67.5 million transaction.

The housing communities contain a total of 1,854 developed home sites on approximately 400 total acres. Five sites are in Indiana, four in Pennsylvania and one is in Michigan. According to a news release, the average occupancy for these communities is approximately 85 percent.

UMH said including these developments, the company owns 67 communities consisting of approximately 12,500 developed home sites.

Share This Story On:

Write to the Editorial Department at editorial@njbiz.com

advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy

Advanced search
Sponsored by
advertisement
  
  
advertisement
  
  
advertisement
Back to Top