UMH PROPERTIES, INC. WILL ATTEND AND SHOWCASE TWO DUPLEX HOMES AT THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S ANNUAL INNOVATIVE HOUSING SHOWCASE

Core Viewpoint - UMH Properties, Inc. will participate in the Department of Housing and Urban Development's annual Innovative Housing showcase, highlighting their commitment to innovative housing solutions [1] Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 136 manufactured home communities with approximately 25,800 developed homesites across several states including New Jersey, New York, and Ohio [3] Event Participation - The Innovative Housing Showcase will take place on June 7, 2024, in Washington, DC, marking UMH's fourth consecutive year of participation [1] Product Offerings - At the showcase, UMH will present two HUD code duplex models in collaboration with Cavco Industries, Inc. and Skyline Champion Corporation [2] - The 'UMH Tiny' model is a factory-built single section unit measuring 16' by 70', designed to create two one-bedroom, 500-square-foot dwellings [2] - The second model is a multi-section unit measuring 28' by 70', which can be divided into two two-bedroom, one-bath, 900-square-foot units, with one unit featuring solar shingles [2] Market Positioning - UMH aims to provide quality housing at lower monthly rents through duplex manufactured homes, catering to families wishing to live together while maintaining separate spaces [3] - The company emphasizes the importance of these homes in urban areas where increased density is necessary, promoting modern living arrangements that meet residents' needs [3]