When considering a new home, especially one that’s both affordable and offers a variety of great features, many people have turned to UMH Properties, Inc. (NYSE:UMH) to realize their dreams of home ownership. That’s why it’s no surprise that the company, who specializes in manufactured homes and communities in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan celebrated 50 years on the New York Stock Exchange (NYSE).
Eugene W. Landy, Chairman of the Board of UMH, rang the closing bell at the NYSE on Thursday, January 19, in celebration of the landmark. The event also coincided with the company’s quarterly board meeting. Landy said:
The Company is honored to celebrate its 50th Anniversary at the NYSE. We had our quarterly Board Meeting there, as well as a dinner reception attended by many of UMH’s close partners whose help has been instrumental in our long-term success. UMH is one of the oldest publicly-traded REITs in the world, and as the Founder of our Company, I could not be prouder of our many achievements. UMH’s total-return performance ranked third of all 180 REITs in 2016. The Company is very well positioned for continued outperformance in the years ahead.
UMH Properties operates 101 manufactured home communities with 18,100 developed homesites. Recently, UMH opened the Woods Edge Sales Center in West Lafayette, Indiana. The company continues to grow and offer homes for sale and rent in convenient locations, with two new acquisitions totaling approximately 149 acres in Ohio and two Indiana communities on 155 acres, both announced January 20.