UMH Properties Acquires 5 Manufactured Home Communities in Pennsylvania for $25.25M

UMH Properties, Inc. UMH announced that, on December 15, 2010, it closed on the acquisition of 5 manufactured home communities located in Pennsylvania for a total purchase price of $24,250,000. With this closing, UMH owns 35 communities containing approximately 8,000 sites. These 5 all-age family communities total 824 sites situated on 215 acres. The average occupancy for these communities is approximately 86%.