FREEHOLD, NJ, Oct. 02, 2024 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE: NYSE:) (TASE: UMH) reported in the present day on the impression of Hurricane Helene on its portfolio of manufactured housing communities.
Samuel A. Landy, President and Chief Govt Officer, commented, Our communities in Florida, Alabama, South Carolina and Georgia skilled excessive winds and heavy rain which resulted in minor injury to those communities. Moreover, a number of of our communities in Tennessee and Ohio had timber down and different minor injury. The restricted injury to our houses and our communities demonstrates the standard and sturdiness of our houses. Most significantly, all of our residents and workers are secure. We’re taking applicable measures to scrub up and restore any marginal damages sustained at our communities. We don’t anticipate the consequences of the storm to have a fabric impression on our operations or monetary outcomes. Whereas our injury was minimal, others weren’t as lucky. We stand prepared to offer assist as requested by the native, state and federal authorities.
UMH Properties, Inc., which was organized in 1968, is a public fairness REIT that owns and operates 136 manufactured dwelling communities containing roughly 25,800 developed homesites. These communities are positioned in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH additionally has an possession curiosity in and operates two communities in Florida, containing 363 websites, by way of its three way partnership with Nuveen Real Estate.
Contact: Nelli Madden
732-577-4062
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Supply: UMH Properties, Inc.
