UMH PROPERTIES, INC. COMPLETES ACQUISITION OF NEW YORK MANUFACTURED HOUSING COMMUNITY

This community contains 163 developed homesites, of which approximately 71% are occupied. It is situated on approximately 21 acres.

Samuel A. Landy, President and Chief Executive Officer, commented, “Lake Erie Estates is a value-add community located in Fredonia, New York. The community is well-located just off Interstate 90 and a short drive from Buffalo. We anticipate strong rental demand and look forward to implementing our value-add strategy.”

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities with approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland and Michigan. In addition, the Company owns a portfolio of REIT securities.

# # # #

Contact: Nelli Madden
732-577-9997

UMH PROPERTIES, INC.
Juniper Business Plaza
3499 Route 9 North, Suite 3-C
Freehold, NJ 07728
(732) 577-9997
Fax: (732) 577-9980

Prev Post

Healthcare Realty Trust Announces Redemption of $250 Million of Senior Notes Due 2023

Next post

Alpine Income Property Trust, Inc. Announces Portfolio Acquisition of Three Single-Tenant Retail Properties Leased to Investment-Grade Rated Tenant Dollar General for Approximately $4.6 Million
img

1Reason Real Estate News Wire

Related posts

Armada Hoffler Reports Third Quarter 2024 Results

GAAP Net Loss of $10.4million

Normalized FFO of $0.35 Per Diluted Share

Office Same Store NOI Growth of 6.1% (GAAP)Positive Office Renewal Spreads of 18.5% (GAAP) and 0.8% (Cash)Office Occupancy Increased to 94.7%

Positive Retail Renewal Spreads of 13.1% (GAAP) and 7.8% (Cash)Retail Occupancy Increased to 96.2%

Positive Tradeouts on Multifamily Renewals of 1.8%

Narrowed 2024 Full-Year Normalized FFO Guidance Range of $1.25 to $1.27 Per Diluted Share

VIRGINIA BEACH, Va.

Continue reading
by 1Reason Real Estate News Wire

Elme Communities Announces Third Quarter 2024 Results

BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended September 30, 2024:

Financial Results

Net loss was $3.0 million, or $0.03 per diluted shareNAREIT FFO was $20.5 million, or $0.23 per diluted shareCore FFO was $20.7 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.8 million

Operational Highlights

Same-store multifamily NOI increased by 2.3% compared to the prior year quarterEffective blended Lease Rate Growth was 2.1% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Growth of (1.5)% and effective renewal Lease Rate Growth of 4.5%Average Effective Monthly Rent Per Home increased 2.4% compared to the prior year quarter for our Same-Store PortfolioSame-store Retention was 66%, up 5% compared to the prior year quarterSame-store multifamily Average Occupancy was 95.2% during the quarter, down 0.2% compared to the prior year quarter and up 0.6% compared to the prior quarter.
Continue reading
by 1Reason Real Estate News Wire

Howard Hughes Holdings Inc. Reports Third Quarter 2024 Results

Strong demand for MPC residential land and impressive financial performance across the portfolio solidify positive full-year outlook with upgraded guidance in all segments

THE WOODLANDS, Texas, Nov.

Continue reading
by 1Reason Real Estate News Wire

Compare listings

Compare