m_and_a
confidence high
sentiment positive
materiality 0.50
UMH Properties completes $14.6M acquisition of two Maryland manufactured home communities
UMH PROPERTIES, INC.
- Purchase price $14.625M for 191 homesites (79% occupied) on ~82 acres.
- Maybelle Manor (49 sites, 100% occupied) stabilized; Conowingo Court (142 sites) value-add with ~71% occupancy.
- YTD 2025: four communities acquired totaling 457 sites for $39.2M.
- Communities adjoin existing UMH community Cinnamon Woods, creating operational efficiencies.
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