Samuel A. Landy Inducted into RV/MH Hall of Fame
UMH Properties, Inc. (NYSE: UMH) is excited to share that Samuel A. Landy, the President and Chief Executive Officer, has recently been inducted into the RV/MH Hall of Fame.
Career and Achievements
Mr. Landy began his journey with UMH in 1991 and took on the role of President and Chief Executive Officer in 1995. Since then, under his guidance, UMH has significantly expanded its portfolio of manufactured housing communities. The number of communities grew from 22, which included around 4,200 homesites back in 1991, to 136 communities with approximately 25,800 homesites today. His strategic emphasis on acquiring value-add communities has played a crucial role in enhancing existing communities and increasing the availability of affordable housing.
Business Growth and Innovation
Throughout his time at UMH, the company also established UMH Sales and Finance, Inc., which has successfully sold over 5,700 manufactured homes and financed more than $100 million in loans. As the finance landscape shifted, Mr. Landy adapted the business model to focus on rentals, leading to a portfolio of 10,200 rental homes. His leadership has been pivotal to both UMH's past achievements and its future prospects.
Recognition from Industry Leaders
Eugene W. Landy, the Founder and Chairman of the Board, expressed deep gratitude for Sam's contributions, highlighting his impact on enhancing affordable housing and creating a top-tier operating platform within the industry. Sam's innovative mindset and commitment have significantly shaped the manufactured housing sector.
Commitment to Affordable Housing
At a time when the demand for affordable housing is a pressing social issue, UMH's ability to develop high-quality affordable manufactured home communities is vital. The company’s initiatives have been recognized as essential in boosting the supply of affordable housing across various markets.
Contact Information
Contact: Nelli Madden
732-577-4062
Frequently Asked Questions
Who is Samuel A. Landy?
Samuel A. Landy serves as the President and Chief Executive Officer of UMH Properties, Inc., and is acknowledged for his significant contributions to affordable housing.
What is the RV/MH Hall of Fame?
The RV/MH Hall of Fame celebrates individuals who have made remarkable 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 initiated UMH Sales and Finance, shifted the business model to include rentals, and concentrated on acquiring and enhancing manufactured home communities.
What is the current portfolio of UMH Properties?
UMH Properties currently owns and operates 136 manufactured home communities, which include approximately 25,800 developed homesites.
