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UMH PROPERTIES, INC. REPORTS ON THE IMPACT OF HURRICANE MILTON
UMHUMH Properties(UMH) GlobeNewswire News Room·2024-10-11 20:15

Core Viewpoint - UMH Properties, Inc. reported minimal damage to its manufactured housing communities due to Hurricane Milton, emphasizing the safety of residents and employees and the durability of its homes [2]. Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 136 manufactured home communities with approximately 25,800 developed homesites across multiple states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, and Georgia [2]. - The company also has a joint venture with Nuveen Real Estate, operating two communities in Florida with a total of 363 sites [2]. Impact of Hurricane Milton - The hurricane caused high winds and heavy rain in Florida, leading to relatively minor damage in UMH's communities [2]. - The company is taking measures to clean up and repair any damages, but does not expect a material impact on its operations or financial results [2]. - UMH Properties is prepared to provide support to local, state, and federal governments as needed [2].