UMH Properties, Inc. Contracts to Acquire 3 Manufactured Home Communities (UMH)

UMH Properties UMH announced today that it has entered into a definitive agreement to acquire 3 manufactured home communities located in Tennessee. The aggregate purchase price to be paid by UMH in this transaction is approximately $13.3 million. The transaction is expected to be completed during the second quarter of 2011. This acquisition is subject to due diligence and other customary closing conditions and therefore there can be no assurance that this acquisition will take place by the end of the second quarter 2011 or at all.