UMH Properties Expands Presence with New Maryland Communities

Author: Evelyn Baker Updated: 07-02-2025 04:26 PM

UMH Properties' Strategic Acquisition

UMH Properties, Inc. (NYSE: UMH; TASE: UMH) has recently finalized the purchase of two manufactured home communities in Maryland for a total price of $14.625 million. This acquisition includes 191 developed homesites, of which an impressive 79% are currently occupied, leveraging the strategic placement on approximately 82 acres of land.

Details of the New Communities

President and CEO, Samuel A. Landy remarked, “We are thrilled to successfully acquire Conowingo Court and Maybelle Manor, enhancing our established footprint in Maryland.” These new properties are adjacent to the existing Cinnamon Woods community, which is expected to foster operational efficiencies and yield greater returns for the company.

Characteristics of Maybelle Manor

Maybelle Manor stands out as a prime community with 49 sites that boast a full occupancy rate of 100%. The residents here primarily live in modern, multi-section homes, offering a high-quality living experience. This makes it a valuable addition to UMH’s diverse portfolio.

Conowingo Court Expands Opportunities

In contrast, Conowingo Court presents a value-add opportunity containing 142 sites, with 101 of them homeowner occupied. UMH intends to apply its proven business strategies here, aiming to increase occupancy and enhance the property's value over time.

Year-to-Date Achievements

So far this year, UMH has successfully completed the acquisition of four communities, which amounts to 457 sites and a total investment of $39.2 million. The company remains actively engaged in identifying further acquisition possibilities, with expectations of an expanding pipeline as the year progresses.

About UMH Properties, Inc.

Established in 1968, UMH Properties, Inc. is a publicly traded real estate investment trust (REIT) that currently owns and operates a substantial portfolio of 143 manufactured home communities. These communities encompass approximately 26,700 developed homesites, and out of these, 10,600 offer rental homes and over 1,000 self-storage units. The operational footprint covers several states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. Notably, the portfolio includes two communities in Florida with 363 sites, which are managed through a joint venture partnership with Nuveen Real Estate.

Contact Information

For inquiries, please reach out to Nelli Madden at 732-577-9997.

Frequently Asked Questions

What did UMH Properties acquire recently?

UMH Properties acquired two manufactured home communities in Maryland totaling $14.625 million.

How many homesites are included in the new acquisition?

The acquisition includes 191 developed homesites.

What is the occupancy rate of the new communities?

79% of the homesites in the new communities are currently occupied.

How does this acquisition benefit UMH Properties?

This acquisition enhances operational efficiencies and is expected to yield higher returns for UMH Properties.

Where does UMH Properties operate?

UMH operates communities across multiple states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, and others.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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