Umh Properties, Inc 8-K, filed Jan 14, 2022
Umh Properties, Inc. (UMH)
About this 8-K
Umh Properties, Inc filed this 8-K on January 14, 2022, reporting on events of January 13, 2022.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. |
On January 13, 2022, the Company issued a press release commenting on its reduction of the interest rate charged to qualified home buyers under its third party lending program from 5.99% to 4.99%.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 99 | Press Release dated January 13, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 2 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| UMH Properties, Inc. | ||
| Date: January 14, 2022 | By: | /s/ Anna T. Chew |
| Name: | Anna T. Chew | |
| Title: | Vice President and Chief Financial Officer | |
| 3 |
Exhibit 99
UMH PROPERTIENS, INC. REDUCES FINANCING COSTS FOR CONSUMERS
FREEHOLD, NJ, January 13, 2022…… UMH Properties, Inc. (NYSE: UMH) today announced that it has reduced the interest rate for qualified home buyers from 5.99% to 4.99% with its third-party lending program.
Samuel A. Landy, President and Chief Executive Officer, commented “UMH has a mission to provide the nation with high quality affordable housing. Our performance over the past few years has resulted in a reduced cost of capital and we are utilizing a portion of this capital to enhance the affordability of our product. Our residents and potential residents deserve interest rates that are in line with conventional mortgages. While we are not there yet, we are proud to offer what may be the lowest rate in the industry.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 127 manufactured home communities with approximately 24,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina. UMH also owns and operates one community in Florida, containing 219 sites, through its joint venture with Nuveen Real Estate.
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Contact: Nelli Madden
732-577-4062