UMH Properties

UMH Properties Secures New Revolving Credit Facility

The $20 million financing agreement is expandable to $30 million and has a three-year term.

A shortage of affordable housing in the U.S. has buoyed demand for manufactured housing communities, which comprise about 9 percent of new single-family construction starts, according to data from the National Low-Income Housing Coalition. Image courtesy of myMHcommunity.com

Mobile Homes Move Into Investors’ Sights

Total investment in the manufactured housing sector surged 23 percent in the second quarter.

UMH Properties Grows Manufactured Housing Footprint

Located in upstate New York, Lake Erie Estates changed hands for $4.5 million. The community was 71 percent occupied at the time of sale.

UMH Properties Buys Pennsylvania MHC

The community encompasses 147 sites situated on approximately 27 acres in Altoona.