32
FREEHOLD, N.J. — UMH Properties has closed on the acquisition of 11 manufactured home communities, 10 of which are located in Pennsylvania and one in New York, for $28.2 million. The 11 communities total 968 sites situated on 200 acres. The average occupancy for these communities is approximately 92 percent. With this closing, Freehold-based UMH owns 53 communities consisting of 10,100 developed homesites.