UMH on the Buying Path Again

CrainsCleveland reports Freehold, New Jersey-based UMH Properties has acquired 125-site Olmsted Falls MHC in the southwestern suburbs of Cleveland, Ohio for $3.6 million. The 14-acre property in Olmsted Falls marks UMH’s second MHC acquisition this month just outside Cleveland. As MHProNews reported Dec. 4, 2012, it purchased 141-site Twin Oaks MHC in Olmsted Township for $4.35 million. President Samuel A. Landy says, “We have now increased our portfolio by more than 50% over the previous three-year period and anticipate continuing to acquire communities in 2013.” UMH owns 57 MHCs comprised of over 10,600 homesites.

(Photo credit: UMH Properties)

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