UMH
- UMH Properties, Inc.
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Overview
Company Summary
UMH Properties, Inc. (UMH) is a publicly traded real estate investment trust (REIT) that specializes in the ownership and operation of manufactured home communities. The company's primary focus is acquiring, developing, and redeveloping manufactured home communities in key markets across the United States.
UMH Properties provides affordable housing solutions by offering attractive and well-maintained communities for individuals and families looking to rent or purchase manufactured homes. These communities typically consist of quality mobile homes located in desirable locations with access to amenities such as recreational facilities, swimming pools, playgrounds, and common areas.
In addition to managing its existing portfolio of communities, UMH also engages in various real estate activities, including the sale of manufactured homes and the leasing of land to third-party owners of manufactured homes in its communities.
As a real estate investment trust, UMH operates under certain tax advantages and distributes a significant portion of its earnings to shareholders in the form of dividends. This structure allows investors to indirectly own a portfolio of manufactured home communities and benefit from the income generated by UMH's operations.
Overall, UMH Properties, Inc. plays a crucial role in the real estate industry by providing affordable housing options and maintaining well-managed communities for individuals and families seeking quality manufactured home living experiences.