Umh Properties, Inc 8-K, filed Jun 2, 2021
Umh Properties, Inc. (UMH)
About this 8-K
Umh Properties, Inc filed this 8-K on June 2, 2021, reporting on events of June 1, 2021.
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
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. |
On June 1, 2021, the Company issued a press release announcing that it closed on an acquisition of one community in Ohio.
The information being furnished pursuant to this Item 7.01, including Exhibits 99 to this report, shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this report, including Exhibits 99, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless specifically incorporated by reference into any such filing. This report will not be deemed an admission as to the materiality of any information in this report that is required to be disclosed solely by Regulation FD.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 99 | Press Release dated June 1, 2021 |
| 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: June 2, 2021 | By: | /s/ Anna T. Chew |
| Name: | Anna T. Chew Vice President and Chief Financial Officer | |
| 3 |
Exhibit 99
| FOR IMMEDIATE RELEASE | June 1, 2021 |
| Contact: Nelli Madden | |
| 732-577-9997 |
UMH PROPERTIES, INC. COMPLETES ACQUISITION OF OHIO MANUFACTURED HOME COMMUNITY
FREEHOLD, NJ, June 1, 2021........ UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of a manufactured home community located in Sandusky, Ohio for a total purchase price of approximately $10.3 million. This community contains 206 developed homesites, of which approximately 86% are occupied. It is situated on approximately 56 acres.
Samuel A. Landy, President and Chief Executive Officer, commented, “Bayshore Estates is well-located within our existing footprint. Ohio has been one of our best performing states and we are pleased to add this community to our portfolio. The community is generally in good condition, but we plan to improve the operating results by investing in the infrastructure and filling the remaining vacant sites with homes for rent and sale. We continue to seek additional acquisitions that meet our growth criteria.”
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. In addition, the Company owns a portfolio of REIT securities.
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