July 27, 2012
/PRNewswire/ -- UMH Properties, Inc. (NYSE:UMH) announced that on
July 26, 2012
, it has closed on the acquisition of Meadowood, a 123-site manufactured home community situated on approximately 20 acres, located in
Mahoning County, Ohio
, for a purchase price of
. With this purchase, UMH now owns forty-two manufactured home communities consisting of over 9,100 developed homesites.
Samuel A. Landy
, President, stated, "We are pleased to announce the acquisition of this community. The operation of Meadowood will fit in nicely with our existing
communities. This well-located, age 55 and older community is a welcome addition to our growing portfolio."
UMH Properties, Inc., a publicly owned REIT, owns and operates forty-two manufactured home communities with over 9,100 developed homesites located in
and Indiana. In addition, the Company owns a portfolio of REIT securities.
SOURCE UMH Properties, Inc.