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8-K - FORM 8-K - UMH PROPERTIES, INC. | umh8kpurchasparks12_152011.htm |
FOR IMMEDIATE RELEASE
December 15, 2011
Contact: Susan M. Jordan
732-577-9997
UMH PROPERTIES, INC. ANNOUNCES NEW ACQUISITION
FREEHOLD, NJ, December 15, 2011 .UMH Properties, Inc. (NYSE Amex:UMH) announced today that on December 14, 2011, it has closed on the acquisition of City View, a 59-site manufactured home community situated on approximately 22 acres, located in Lewistown, Mifflin County, Pennsylvania, for a purchase price of $750,000. With this purchase, UMH now owns forty manufactured home communities consisting of approximately 8,919 sites.
Samuel A. Landy, President, stated, We are pleased to announce the acquisition of this well-situated community. This community is in close proximity to two of our other communities and will fit in nicely with our existing Pennsylvania portfolio.
UMH Properties, Inc., a publicly owned REIT, owns and operates forty manufactured home communities with 8,919 total home sites located in New Jersey, New York, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities.
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