Benzinga says UMH Properties, Inc. has announced it has acquired two manufactured housing communities in Ohio for $5.9 million, bringing their ownership of MHCs to 55 communities comprised of approximately 10,400 homesites. The 280 sites, situated on 62 acres, average 89 percent occupancy. UMH President Samuel A. Landy says the company has grown its portfolio 53 percent over the past three years. MHProNews understands UMH also owns a portfolio of REIT securities.
(Image credit: UMH Properties, Inc.)