New property acquisition adds quality, affordable housing for Ohio residents
UMH Properties (NYSE:UMH) has acquired several new communities in Ohio and Michigan with new properties now available for rent or purchase. UMH’s newest community, Catalina, is located in Middeltown, Ohio, midway between Dayton and Cincinnati. The acquired property offers a pool, playground and safety patrol, focusing on the company’s dedication to delivering affordable housing and a friendly community lifestyle to its residents. Catalina is one of 5 UMH communities across the Midwest, all of which adhere to the UMH standards focusing on community, safety, quality, and affordability. Each community requires background checks for its residents, ensuring a safe and comfortable place that residents can call home.
In acquiring new properties, UMH shows its commitment to the community it acquires by setting aside a portion of its capital budget for neighborhood improvements. The company improves the community from the ground up by providing basic services such as road maintenance and streetlight replacements as well as removing old and dilapidated homes and adding new homes within the community which then become available for either rent or purchase.
UMH Properties, Inc, is a real estate investment trust (REIT) that owns and operates manufactured home communities in seven states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. UMH has been in business since 1968, operating as a public company since 1985. The company owns a portfolio of more than 95 manufactured home communities that include approximately 16,600 home sites and over 1,100 acres of land for new site development. By continuously improving their communities, UMH is positively changing the standard of manufactured housing.