UMH Properties Inc. (NYSE:UMH) announced the grand opening of the Woods Edge Sales Center, located near the back entrance of their manufactured home community in West Lafayette, Indiana. Woods Edge was acquired by UMH Properties in October of 2015, and the grand opening will be on Oct 1, 2016, per Bakken.
The new sales center reportedly will feature five model homes. These will include, “modern floor plans that include amazing features such as large family-sized kitchens, kitchen islands, walk-in pantries, garden tubs/serenity showers and walk-in closets.”
Unlike many MH Community operators, UMH sales centers are able to sell homes not only into their own company-owned MHCs, but also into other communities and they will also sell homes for installation on privately owned property.
Bakken says, “Woods Edge offers its residents many in-demand amenities, such as a newly remodeled clubhouse with pool, fitness center, two playgrounds, four basketball courts, two tennis courts, newly expanded RV storage area and a fishing pond with a fountain.”
UMH has a portfolio of some 98 communities and is operated as a real estate investment trust (REIT). They are one of the largest manufactured home community operators in the United States, and have roughly doubled their footprint in just 5 years. They are currently focused on Midwest and Northeastern states.
UMH is one of the publicly traded companies the Daily Business News tracks, for yesterday’s closing numbres, click here.
For a recent report on the latest additions to the UMH portfolio, click here. For a recent Op-Ed by Sam Landy, UMH CEO, click here. ##
(Photo credits, Bakken/UMH)