MHProNews has been informed that Freehold, NJ-based UMH Properties, Inc. (UMH) has completed the acquisition of two Ohio manufactured housing communities (MHCs) for $5,400,000, according to marketwatch.com. With an average occupancy of 91 percent, the all-age communities contain a total of 258 developed homesites set on 40 acres. The public equity real estate investment trust (REIT) now owns and operates over 15,000 homesites comprising 88 MHCs in seven states east of the Mississippi. The company also owns a portfolio of REITs. ##

(Image credit: UMH Properties, Inc.)