Thumbs Up on UMH Properties reports manufactured housing community (MHC) proprietor UMH Properties owns 74 communities comprised of 13,400 developed home sites with an average occupancy rate of 82 percent. Forty-three of the communities, representing 46 percent of the holdings, are in the Utica and Marcellus Shale acreage that is being developed by energy companies that often utilize factory-built housing. The commentator, Brad Thomas, suggests UMH is a good buy because of its enviable position along the Ohio-Pennsylvania border where the drilling is going on, and is buying it himself, even though he does not like the fact that it maintains a REIT (real estate investment trust) portfolio of $23.2 million, which accounts for 30 percent of its assets. The company also sells and finances MH, as MHProNews has learned. In addition, UMH has a $23.2 million loan portfolio comprised of around 760 homes located throughout 48 communities

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