UMH Launches Preferred Stock Offering

The Sacramento Bee reports in PRNewswire that UMH Properties, Inc. (NYSE Amex:UMH), is making a public offering of 1,000,000 shares of Series A Cumulative Redeemable Preferred Stock.  The underwriters, J.P. Morgan Securities LLC, may also purchase up to 150,000 shares of the stock under a 30-day over-allotment option.  UMH is a real estate investment trust (REIT) that owns and operates 35 manufactured home communities in the east and southeast U.S., as well as a portfolio of REIT securities.  According to the Allen Report of 2011, UMH is the 25th largest Land Lease Community owner/operator in the nation.

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