When asked what the next six months will bring for UMH, Landy says, “Eventually people are going to see that we are creating these results on a consistent basis which will drive the stock price up. Another exciting thing is, we may do our first rental-only community. Freddie Mac may be able to finance our community and our houses at their sub-four interest rates. It will be the first rental-only community in the country financed by Freddie Mac.”
As MHProNews knows, UMH owns and operates a portfolio of 98 manufactured home communities in seven northeast states, and also owns a portfolio of REIT securities. ##
(Photo credit: reit.com-Sam Landy, President and CEO of UMH Properties, Inc.)