UMH Properties Closes On Five PA Manufactured Home Communities

UMH Properties announced that on December 15, it closed on the acquisition of five manufactured home communities located in Pennsylvania for a total purchase price of $24,250,000.  With this closing, UMH owns 35 communities containing approximately 8,000 sites. UMH says these all-age family communities total 824 sites situated on 215 acres.  The average occupancy for these communities is approximately 86 percent. UMH stock rose more than four percent Thursday to close at $9.96 a share.

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