According to Naomi H via the Better Business Bureau (BBB) website about Flagship Communities (MHC.U): “My husband bought this a trailor seven months ago. We have had no issues until recently. My husband and son in law gave the payment as a money order for January and February rent. We […]
Much of what Eugene Landy, founder and Chairman of the Board of UMH Properties (UMH) has to say in the video with transcript that follows in Part I raises keen points to those who are seeking a complete picture of why the manufactured housing industry is in a 25-year downturn.
As a planned report on MHProNews will spotlight, SkyView Advisors was cited by an artificial intelligence (AI) platform for certain kinds of manufactured home industry research and data. In preparation for that planned report, this MHVille facts-evidence-analysis (FEA) mashup will compare and contrast a recent SkyView Advisors report for Q2
“Since 2010, UMH has tripled the size of the company by acquiring 107 communities containing approximately 18,800 developed homesites. These communities were acquired with a blended occupancy rate of 73% for a total purchase price of $616 million or $33,000 per site.” So states the UMH Properties 55th Anniversary presentation
The headline paraphrase above is a quote from Part IV below that said in part: “a few large companies can tarnish the entire industry’s image.” To tee that up, and according to UMH Properties’ (UMH) press release that follows, they have been in business since: “1968, is a public equity
“UMH Properties, Inc. has a 55-year history of providing quality affordable housing. UMH owns and operates a portfolio of 135 manufactured home communities containing 25,800 developed homesites situated in 11 states. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through our joint
To be “clinical” in analysis is defined by Oxford Languages as “efficient and unemotional; coldly detached.” The term “clinical” is used in medicine and science, which sheds light on this alternative definition: “relating to the observation and treatment of actual patients [i.e.: subjects] rather than theoretical or laboratory studies.” A
The left-leaning Private Equity Stakeholder Project (PESP) shed light on the influence of private equity on several manufactured home community (MHC) operators. However, less attention has been given to how private equity giants like BlackRock, Vanguard, State Street, and others have had on companies such as Cavco Industries (CVCO), Skyline
Starting on Sunday 3.24.2024 and again on Wednesday 3.27.2024, MHProNews identified two distinct Manufactured Housing Institute (MHI) member firms that per a reasonable application of financial news reports have had their valuations and operations arguably harmed by the apparent policies, actions/inactions advanced by key people in that trade group. Intentional
There are several items in the latest UMH Properties (UMH) quarterly earnings call that merit follow up inquiries. Some items that follow may appear to be impressive, but others merit more questions and insights. As a notice to regular readers, MHProNews will do something differently on this report than several
