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UMH Properties
UMH Properties

Real estate / REIT Manufactured manufactured homes

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Overview
UMH Properties is a real estate investment trust (REIT) that focuses on the ownership and operation of manufactured home communities. The company was founded in 1968 and is headquartered in Freehold, New Jersey.
As of 2021, UMH Properties owns and operates 127 manufactured home communities, consisting of over 24,000 developed homesites. These communities are located in seven states in the Northeast and Midwest regions of the United States.
UMH Properties specializes in the acquisition, development, and management of affordable and high-quality manufactured home communities. Their goal is to provide residents with a safe and comfortable living environment, while also providing investors with stable and growing returns.
The company’s revenue comes from the leasing of homesites to tenants, as well as from the sale of homes and other related services. UMH Properties’ long-term strategy includes expanding their portfolio through acquisitions and developing new communities.
In addition to its core business, UMH Properties also actively participates in philanthropic efforts, including donating homes to families in need and supporting various charitable organizations.
Overall, UMH Properties is a reputable and successful company within the manufactured home community industry, and has a strong track record of providing affordable housing options for residents while creating value for investors.
What is special about the company?
UMH Properties is a real estate investment trust (REIT) that specializes in acquiring, developing, and managing manufactured home communities. This sector of the real estate market provides affordable housing options for low- and middle-income families, making UMH Properties a socially responsible company that addresses a critical need for many individuals and families. Additionally, UMH Properties has a proven track record of strong financial performance, with a high occupancy rate and steady increases in revenue and value. The company also prides itself on its commitment to environmental sustainability, implementing green initiatives in its communities such as energy-efficient homes and solar-powered street lights. Overall, UMH Properties is a unique and socially conscious player in the real estate industry.
What the company's business model?
UMH Properties is a publicly traded real estate investment trust (REIT) that specializes in acquiring, developing, and managing manufactured home communities (MHCs). Their business model focuses on owning and operating affordable and well-maintained land-lease communities, primarily for manufactured homes. They generate revenue primarily through rental income from leasing home sites to tenants and providing ancillary services such as utility management and maintenance. Their goal is to provide a high-quality and affordable housing option for low and moderate-income individuals and families. They also seek growth and increasing shareholder value through strategic acquisitions and development of new communities. UMH Properties’ business model is driven by their strong management and operational expertise, as well as their dedication to maintaining positive relationships with tenants and driving long-term value for shareholders.
Interesting facts about the company
Over the past 50 years, UMH Properties has grown to become the largest publicly-traded real estate investment trust (REIT) specializing in manufactured housing communities.
1. UMH Properties was founded in 1968 by Eugene Landy, who is still the company’s Chairman and President.
2. The UMH in UMH Properties stands for United Mobile Homes.
3. UMH Properties is headquartered in Freehold, New Jersey and has over 118 manufactured home communities in seven states: New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, and Michigan.
4. The company’s first community was located in the town of Toms River, New Jersey.
5. UMH Properties was one of the first REITs to focus solely on manufactured home communities, and has been a pioneer in the industry.
6. UMH Properties is known for its commitment to providing affordable, high-quality housing for families and individuals.
7. The company has received numerous awards and accolades for its developments, including the Manufactured Housing Institute’s Community of the Year award.
8. UMH Properties has a strong emphasis on sustainability, implementing energy-efficient practices in its communities such as solar panels, LED lighting, and energy-efficient appliances.
9. In addition to manufactured home communities, UMH Properties also owns and operates a large number of RV parks and marinas.
10. As of 2021, UMH Properties has a market capitalization of over $1 billion and its stock is traded on the New York Stock Exchange under the symbol UMH.
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