UMH Acquires MHCs

RTTNews reports UMH Properties, Inc., is adding eleven MHCs in Pennsylvania and New York to its portfolio at a cost of $28.25 million. The all-age communities comprise 966 home sites and have an average occupancy of 92 percent. MHProNews.com has learned the acquisition is scheduled to be finalized by the end of this year’s third quarter.

(Image credit: UMH Properties, Inc.)

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