UMH Properties, Inc. Surpasses 1,000 Self-Storage Units

UMH Properties, Inc. (NYSE: UMH) recently completed the acquisition of a self-storage facility, marking a significant milestone for the company. The transaction, which closed on November 4, 2024, saw UMH adding a new self-storage facility to its portfolio.

The acquired facility, situated adjacent to one of UMH’s communities in Anderson, Indiana, comprises 246 self-storage units. With this latest addition, UMH’s total number of storage units now exceeds 1,000. Notably, all of UMH’s storage units either adjoin or are closely located to UMH communities, fostering convenience for residents and the surrounding areas.

In a statement following the acquisition, Samuel A. Landy, UMH’s President and Chief Executive Officer, expressed pride in surpassing the 1,000 self-storage unit mark. He highlighted the positive impact of having storage units near UMH communities, enhancing customer service for residents and meeting the storage needs of the local communities and investors.

Established in 1968, UMH Properties, Inc. is a publicly traded Real Estate Investment Trust (REIT) specializing in manufactured home communities. Presently, UMH owns and operates 139 manufactured home communities across various states, totaling approximately 26,200 developed homesites. Among these, 10,300 homesites feature rental homes, and the company also manages over 1,000 self-storage units. UMH’s diverse portfolio includes properties in states such as New Jersey, New York, Ohio, and Florida, among others. Additionally, UMH operates two communities in Florida, comprising 363 sites through a joint venture with Nuveen Real Estate.

For further information, interested individuals can contact Nelli Madden at 732-577-9997.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read UMH Properties’s 8K filing here.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.