UMH Properties Inc. (UMH), headquartered in Freehold, New Jersey, is a publicly-traded real estate investment trust (REIT) that specializes in the ownership and operation of manufactured home communities. The company was established in 1968 and originally operated under the name United Mobile Homes, Inc. It was incorporated in 1985, and in 1987, it became a publicly-traded company listed on the New York Stock Exchange.
UMH Properties Inc. is one of the leading players in the manufactured housing industry. The company's strategy involves the acquisition and development of land lease communities in regions that have high potential for growth. It operates over 126 manufactured home communities comprising about 23,000 developed homesites. These communities span across eight states including New Jersey, New York, Pennsylvania, Ohio, Maryland, Tennessee, Indiana, and Michigan.
UMH is driven by a commitment to provide affordable housing solutions. Over the past several decades, it has built a reputation as a reliable community operator. The UMH tagline, “Delivering the American Dream” reflects the company’s mission to provide secure and affordable housing to families and retirees across its territories.
Through its wholly-owned subsidiary UMH Sales and Finance Inc., UMH Properties also provides residents with the flexibility of purchasing or leasing individual homes. Additionally, the company offers mortgage loans secured by manufactured homes.
With forward-thinking leadership under Samuel A. Landy, President and CEO, UMH Properties Inc. has weathered several economic downturns and emerged stronger, underscoring its resilience and robust business model. The company maintains a high standard of property maintenance, landscaping, and community life features such as swimming pools, clubhouses, and playgrounds that contribute to a high quality of living.
UMH's approach to business is focused on strong financial stewardship, sustained growth, and improving shareholder value. The company has consistently maintained a positive dividend policy, making it a reliable choice for investors looking for stable returns in the real estate sector.
UMH Properties Inc. is a member of the National Association of Real Estate Investment Trusts (NAREIT), highlighting its dedication to excellence and adherence to best practices within the REIT industry. With a strong commitment to its communities, residents, employees, and shareholders, UMH continues to be a pioneer in the affordable housing market. The company's dedication to building quality communities and its strategy of expanding into growth-oriented markets has played a pivotal role in its success.