Samuel A. Landy Inducted into RV/MH Hall of Fame
UMH Properties, Inc. (NYSE: UMH) is pleased to announce that Samuel A. Landy, President and Chief Executive Officer, was recently inducted into the RV/MH Hall of Fame.
Career and Achievements
Mr. Landy started his career at UMH in 1991 and was promoted to President and Chief Executive Officer in 1995. Under his leadership, UMH has grown its portfolio of manufactured housing communities significantly. The portfolio expanded from 22 communities with approximately 4,200 homesites in 1991 to 136 communities with approximately 25,800 homesites today. His strategic focus on acquiring value-add communities has been instrumental in improving existing communities while increasing the availability of affordable housing.
Business Growth and Innovation
During his tenure, UMH also launched UMH Sales and Finance, Inc., which sold over 5,700 manufactured homes and financed over $100 million in loans. As the finance landscape evolved, Mr. Landy adapted by pivoting to a rental model, resulting in a portfolio of 10,200 rental homes. His leadership is central to UMH's past and future success.
Recognition from Industry Leaders
Eugene W. Landy, Founder and Chairman of the Board, expressed profound appreciation for Sam's contributions, noting his role in enhancing affordable housing and establishing a premier operating platform within the industry. Sam's innovative spirit and dedication have greatly influenced the manufactured housing sector.
Commitment to Affordable Housing
UMH's capability to develop high-quality affordable manufactured home communities is crucial at a time when the demand for affordable housing is a significant social concern. The company's efforts have been recognized as essential for increasing the affordable housing supply across various markets.
Contact Information
Contact: Nelli Madden
732-577-4062
Frequently Asked Questions
Who is Samuel A. Landy?
Samuel A. Landy is the President and Chief Executive Officer of UMH Properties, Inc., recognized for his contributions to affordable housing.
What is the RV/MH Hall of Fame?
The RV/MH Hall of Fame honors individuals who have made significant contributions to the manufactured housing and recreational vehicle industries.
When did Samuel A. Landy start his career at UMH?
Samuel A. Landy began his career at UMH in 1991.
What innovations did Samuel A. Landy bring to UMH?
He launched UMH Sales and Finance, adapted the business model to include rentals, and focused on acquiring and improving manufactured home communities.
What is the current portfolio of UMH Properties?
UMH Properties owns and operates 136 manufactured home communities with approximately 25,800 developed homesites.
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