UMH Properties Inc. Expands Maryland Presence with $14.625 Million Acquisition of Two Manufactured Home Communities

Reuters
07-07
<a href="https://laohu8.com/S/UMH">UMH Properties</a> Inc. Expands Maryland Presence with $14.625 Million Acquisition of Two Manufactured Home Communities

UMH Properties, Inc. has successfully completed the acquisition of two manufactured home communities in Conowingo, Maryland, for a total purchase price of $14.625 million. The communities, Conowingo Court and Maybelle Manor, comprise 191 developed homesites across approximately 82 acres. Maybelle Manor is fully occupied with 49 sites, featuring modern, homeowner-occupied multi-section homes, while Conowingo Court offers 142 sites with 101 currently occupied. This acquisition expands UMH's presence in Maryland and is expected to enhance operational efficiencies by complementing their existing community, Cinnamon Woods. This transaction is part of UMH's broader strategy, having acquired four communities this year, totaling 457 sites for $39.2 million, as they continue to explore further acquisition opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UMH Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-017933), on July 07, 2025, and is solely responsible for the information contained therein.

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