Stockhouse reports UMH Properties, Inc. (NYSE:UMH) has acquired the 274 homesite Holiday Mobile Village in Nashville, Tenn. for $7,250,000. Situated on approximately 68 acres with an occupancy rate of 82 percent, MHProNews has learned this purchase bumps UMH into owning 68 communities with 12,800 developed homesites. Samuel A. Landy, President, stated, “We are pleased to announce the acquisition of this community. The Company remains very well positioned to continue to execute its growth strategy and we anticipate additional acquisitions in 2013.” UMH also owns a portfolio of REIT (real estate investment trust) securities. UMH closed up +0.96% at 10.57 in Tuesday’s (April 2) trading.

(Image credit: UMH Properties, Inc.)