FREEHOLD, N.J., Dec. 15, 2011 /PRNewswire/ -- UMH Properties, Inc. (NYSE Amex: UMH) announced today that on December 14, 2011, it has closed on the acquisition of City View, a 59-site manufactured home community situated on approximately 22 acres, located in Lewistown, Mifflin County, Pennsylvania, for a purchase price of $750,000. With this purchase, UMH now owns forty manufactured home communities consisting of approximately 8,919 sites.
Samuel A. Landy, President, stated, "We are pleased to announce the acquisition of this well-situated community. This community is in close proximity to two of our other communities and will fit in nicely with our existing Pennsylvania portfolio."
UMH Properties, Inc., a publicly owned REIT, owns and operates forty manufactured home communities with 8,919 total home sites located in New Jersey, New York, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities.SOURCE UMH Properties, Inc.