UMH PROPERTIES, INC. COMPLETES ACQUISITION OF TWO MARYLAND MANUFACTURED HOME COMMUNITIES
UMH Properties (NYSE: UMH) has completed the acquisition of two manufactured home communities in Conowingo, Maryland for $14.625 million. The acquired properties, Conowingo Court and Maybelle Manor, contain 191 developed homesites with a 79% occupancy rate across 82 acres.
Maybelle Manor features 49 sites at 100% occupancy, while Conowingo Court has 142 sites with 101 homeowner-occupied units. These communities adjoin UMH's existing Cinnamon Woods property, promising operational efficiencies. Year-to-date, UMH has acquired four communities with 457 sites for $39.2 million.
UMH now operates 143 manufactured home communities with approximately 26,700 developed homesites across 12 states, including 10,600 rental homes and over 1,000 self-storage units.
UMH Properties (NYSE: UMH) ha completato l'acquisizione di due comunit脿 di case prefabbricate a Conowingo, Maryland, per un importo di 14,625 milioni di dollari. Le propriet脿 acquisite, Conowingo Court e Maybelle Manor, comprendono 191 lotti abitativi sviluppati con un tasso di occupazione del 79% su una superficie di 82 acri.
Maybelle Manor conta 49 lotti con il 100% di occupazione, mentre Conowingo Court dispone di 142 lotti con 101 unit脿 abitate dai proprietari. Queste comunit脿 confinano con la propriet脿 Cinnamon Woods di UMH, garantendo efficienze operative. Da inizio anno, UMH ha acquisito quattro comunit脿 con 457 lotti per 39,2 milioni di dollari.
UMH gestisce ora 143 comunit脿 di case prefabbricate con circa 26.700 lotti abitativi sviluppati in 12 stati, inclusi 10.600 case in affitto e oltre 1.000 unit脿 di self-storage.
UMH Properties (NYSE: UMH) ha completado la adquisici贸n de dos comunidades de casas prefabricadas en Conowingo, Maryland, por un total de 14.625 millones de d贸lares. Las propiedades adquiridas, Conowingo Court y Maybelle Manor, cuentan con 191 lotes desarrollados y una tasa de ocupaci贸n del 79% en 82 acres.
Maybelle Manor tiene 49 lotes con ocupaci贸n del 100%, mientras que Conowingo Court posee 142 lotes con 101 unidades ocupadas por sus propietarios. Estas comunidades est谩n adyacentes a la propiedad Cinnamon Woods de UMH, lo que promete eficiencias operativas. En lo que va del a帽o, UMH ha adquirido cuatro comunidades con 457 lotes por 39,2 millones de d贸lares.
UMH ahora opera 143 comunidades de casas prefabricadas con aproximadamente 26,700 lotes desarrollados en 12 estados, incluyendo 10,600 casas en alquiler y m谩s de 1,000 unidades de autoalmacenamiento.
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UMH Properties (NYSE : UMH) a finalis茅 l'acquisition de deux communaut茅s de maisons pr茅fabriqu茅es 脿 Conowingo, Maryland, pour un montant de 14,625 millions de dollars. Les propri茅t茅s acquises, Conowingo Court et Maybelle Manor, comprennent 191 emplacements d茅velopp茅s avec un taux d'occupation de 79 % sur 82 acres.
Maybelle Manor compte 49 emplacements avec une occupation 脿 100 %, tandis que Conowingo Court dispose de 142 emplacements avec 101 unit茅s occup茅es par leurs propri茅taires. Ces communaut茅s jouxtent la propri茅t茅 Cinnamon Woods existante de UMH, ce qui promet des gains d'efficacit茅 op茅rationnelle. Depuis le d茅but de l'ann茅e, UMH a acquis quatre communaut茅s totalisant 457 emplacements pour 39,2 millions de dollars.
UMH exploite d茅sormais 143 communaut茅s de maisons pr茅fabriqu茅es avec environ 26 700 emplacements d茅velopp茅s dans 12 脡tats, comprenant 10 600 logements locatifs et plus de 1 000 unit茅s de self-stockage.
UMH Properties (NYSE: UMH) hat den Erwerb von zwei Fertighausanlagen in Conowingo, Maryland, f眉r 14,625 Millionen US-Dollar abgeschlossen. Die erworbenen Immobilien, Conowingo Court und Maybelle Manor, umfassen 191 erschlossene Wohnpl盲tze mit einer Belegungsrate von 79 % auf 82 Acres Land.
Maybelle Manor verf眉gt 眉ber 49 Pl盲tze mit 100% Belegung, w盲hrend Conowingo Court 142 Pl盲tze mit 101 eigent眉merbewohnten Einheiten hat. Diese Gemeinden grenzen an UMHs bestehende Immobilie Cinnamon Woods an und versprechen betriebliche Effizienzsteigerungen. Im laufenden Jahr hat UMH vier Gemeinden mit 457 Pl盲tzen f眉r 39,2 Millionen US-Dollar erworben.
UMH betreibt nun 143 Fertighausanlagen mit etwa 26.700 erschlossenen Wohnpl盲tzen in 12 Bundesstaaten, darunter 10.600 Mietwohnungen und 眉ber 1.000 Selfstorage-Einheiten.
- Strategic expansion with two adjacent communities creating operational efficiencies
- Maybelle Manor is 100% occupied with modern, homeowner-occupied units
- Value-add opportunity in Conowingo Court with potential for occupancy growth
- Year-to-date acquisition momentum with 4 communities totaling $39.2 million
- Strong existing portfolio of 143 communities across 12 states
- 21% vacancy rate across the combined properties
- Significant capital deployment of $14.625 million required for acquisition
Insights
UMH's strategic $14.6M acquisition creates operational synergies and expands their manufactured housing footprint with value-add opportunities.
UMH Properties has executed a $14.625 million acquisition of two manufactured home communities in Maryland, adding 191 developed homesites to their portfolio. This transaction demonstrates strategic geographic clustering, as these communities adjoin UMH's existing Cinnamon Woods property, creating operational efficiencies that should enhance returns.
The acquisition encompasses two distinctly different asset profiles: Maybelle Manor represents a stabilized investment with 100% occupancy across its 49 sites, featuring predominantly modern, homeowner-occupied multi-section homes that provide immediate cash flow stability. Meanwhile, Conowingo Court offers a classic value-add opportunity with 142 sites at approximately 71% occupancy (101 occupied sites), presenting significant upside potential through UMH's established business model of improving occupancy and property values.
This purchase continues UMH's active acquisition strategy in 2025, bringing their year-to-date total to four communities with 457 sites for $39.2 million. The per-site acquisition cost of approximately
The
FREEHOLD, NJ, July 02, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH; TASE: UMH) closed on the acquisition of two manufactured home communities, located in Conowingo, Maryland, for a total purchase price of
Samuel A. Landy, President and Chief Executive Officer, commented, 鈥淲e are pleased to complete the acquisition of Conowingo Court and Maybelle Manor, further expanding our footprint in the Maryland market. These two communities adjoin our existing Maryland community, Cinnamon Woods, which will create efficiencies in our operation, resulting in higher returns.
鈥淢aybelle Manor is a high-quality stabilized community that contains 49 sites, which are
鈥淵ear to date, we have completed the acquisition of four communities, containing 457 sites, for a total purchase price of
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 143 manufactured home communities, containing approximately 26,700 developed homesites, of which 10,600 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 143 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen AG真人官方 Estate.
Contact: Nelli Madden
732-577-9997
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FAQ
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