Facebook Twitter LinkedIn Google Plus RSS

UMH acquires 5 manufactured home communities for $11.8M

By ,

Freehold-based UMH Properties Inc. announced Thursday it closed the acquisition of five manufactured home communities for $11,800,000 on November 6.

According to the announcement, the five all-age communities contain a total of 519 developed home sites that are situated on approximately 200 total acres. This portfolio consists of four communities located in Ohio and one community located in New York. The average occupancy for these communities is approximately 82 percent. The company now owns seventy-four communities consisting of approximately 13,400 developed home sites.

Thursday's announcement follows a $1.7 million acquisition announced in October. The company acquired a 1,800-home portfolio early this year for $67.5 million.

More From This Industry

Write to the Editorial Department at editorial@njbiz.com

Related Stories

Leave a Comment

test

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

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!