UMH Properties sells $80.2M of 5.85% unsecured bonds due 2030 in Israeli offering

UMH PROPERTIES, INC.

Closed sale of $80.2M aggregate principal of 5.85% Series B Bonds maturing June 30, 2030.
Net proceeds estimated $75.2M after costs; used for working capital and general corporate purposes.
Bonds are unsecured, NIS-denominated, USD-linked, rank pari passu with other unsecured debt.
Interest step-up of up to 1.5% for rating downgrade or covenant breach; offered solely to non-U.S. investors.

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