FREEHOLD, N.J., Oct. 28, 2011 /PRNewswire/ -- UMH Properties,
Inc. (NYSE Amex:UMH) announced today that it has closed on the
acquisition of Clinton Mobile Home Resort, a 116-site manufactured
home community situated on 24 acres, located in the City of Tiffin, County of Seneca, in the State
of Ohio, for a purchase price of $3,450,000. With this purchase, UMH now
owns thirty-nine manufactured home communities consisting of
approximately 8,860 sites.
Samuel A. Landy, President,
stated, "We are pleased to announce the acquisition of this 98%
occupied community. The operation of Clinton Mobile Home
Resort will fit in nicely with our existing Ohio communities. This well-located, age
55 and older community is a welcome addition to our growing
portfolio."
UMH Properties, Inc., a publicly owned REIT, owns and operates
thirty-nine manufactured home communities with 8,860 total home
sites located in New Jersey,
New York, Pennsylvania, Ohio and Tennessee. In addition, the
Company owns a portfolio of REIT securities.
SOURCE UMH Properties, Inc.