UMH PROPERTIES, INC. ANNOUNCES ACQUISITION OF A GEORGIA COMMUNITY

Core Insights - UMH Properties, Inc. has successfully acquired a manufactured home community in Albany, Georgia for $2.6 million, which includes 130 developed homesites with an occupancy rate of 32% [1][2] - The acquisition is part of a strategic expansion in the Georgia market, enhancing operational efficiencies and profitability due to proximity to an existing community [2] - Year-to-date, UMH has acquired five communities totaling 587 sites for $41.7 million, indicating a strong acquisition pipeline moving forward [2] Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 145 manufactured home communities with approximately 27,000 developed homesites, including 10,800 rental homes and over 1,000 self-storage units [2] - The company's communities are located across multiple states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia [2]