Freehold Township-based UMH Properties Inc., announced Friday that on March 13, 2014, it closed on the acquisition of eight Ohio manufactured home communities for $24.95 million.
According to the announcement, these eight communities contain a total of 1,018 developed homesites that are situated on about 270 acres.
With this acquisition, UMH owns 82 communities consisting of around 14,500 developed homesites.
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