UMH Properties, Inc. Elects William E. Mitchell as Class I Directors
June 14, 2019 at 09:16 pm
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UMH Properties, Inc. at its annual meeting of shareholders held on June 13, 2019, shareholders elected William E. Mitchell as Class I directors to hold office until the company’s annual meeting of shareholders in 2022 and until his successor is duly elected and qualifies.
UMH Properties, Inc. is a real estate investment trust (REIT). The Companyâs primary business is the ownership and operation of manufactured home communities, leasing manufactured homesites to residents. The Company also leases manufactured homes to residents and, through its wholly owned taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customersâ privately owned land. The Company owns and operates 135 manufactured home communities, including two communities acquired through the Companyâs opportunity zone fund, containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia. In connection with the operation of its communities, the Company also leases homes to prospective tenants.