KTVN tells MHProNews UMH Properties, Inc. of Freehold, New Jersey has acquired the age-restricted Meadowood manufactured home community in New Middleton, Ohio. The 123 site community, located on 20 acres, was purchased for $3,400,000, and increases UMH’s holdings to 42 MHCs comprising 9,100 developed home sites in New Jersey, New York, Indiana, Tennessee, Ohio, and Pennsylvania. A real estate investment trust (REIT), UMH also has a portfolio of REIT securities.

(Image credit: UMH Properties, Inc)