UMH ACQUIRES $3.6M MANUFACTURED HOME COMMUNITY

OLMSTED FALLS, OHIO — UMH Properties has acquired Olmsted Falls, a 125-site manufactured home community in Olmsted Falls for $3.6 million. The property is situated on approximately 14 acres. With the purchase, UMH now owns 57 manufactured home communities consisting of 10,600 developed homesites. The company states that it has increased its portfolio by more than 50 percent over the previous three-year period.