UMH Properties, Inc. UMH announced that it has acquired Holiday Mobile Village, a 274-site
manufactured home community situated on approximately 68 acres, located in
Nashville, Tennessee, for a purchase price of $7,250,000. The occupancy for
this community is approximately 82%. With this purchase, UMH now owns
sixty-eight manufactured home communities consisting of approximately 12,800
developed home sites.
Samuel A. Landy, President, stated, "We are pleased to announce the
acquisition of this community. This acquisition strengthens our position in
this dynamic market. We intend to increase occupancy by implementing our
sales and rental programs. The Company remains very well positioned to
continue to execute its growth strategy and we anticipate additional
acquisitions in 2013."
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in