M&A
confidence high
sentiment positive
materiality 0.55
UMH acquires 246-unit self-storage facility in Indiana; portfolio tops 1,000 units
UMH PROPERTIES, INC.
- Acquisition closed November 1, 2024, for a facility adjoining a UMH community in Anderson, Indiana.
- Facility contains 246 self-storage units; total portfolio now exceeds 1,000 storage units.
- All storage units either adjoin or are near UMH's manufactured home communities.
- CEO Samuel Landy highlighted enhanced customer service capabilities for residents and surrounding area.
- No purchase price or financial terms were disclosed in the announcement.