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UMH Properties announces new acquisition for $24.95M

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    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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    Emily Bader

    Emily Bader

    Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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