UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF AARON POTTER

Rhea-AI Summary

UMH Properties, Inc. (NYSE: UMH) announced the promotion of Aaron Potter to Director of ESG, effective December 17, 2020. Potter, who joined the company in 2017, will lead efforts in sustainability, social responsibility, and diversity. Under his leadership, UMH aims to enhance its commitment to quality affordable housing, with rent starting at $750 for three-bedroom homes. The company emphasizes its initiatives that align with environmental, social, and governance (ESG) principles, aiming to improve shareholder returns through responsible practices.

Positive

• Promotion of Aaron Potter to Director of ESG is expected to strengthen commitment to sustainability and social responsibility.
• UMH's initiatives in reducing water consumption by approximately 30% demonstrate effective environmental management.
• The company's focus on ESG can attract socially conscious investors.

Negative

• None.

FREEHOLD, NJ, Dec. 17, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is proud to promote Aaron Potter to Director of ESG. Aaron started with UMH in 2017 as an Operations Analyst and Assistant to the President. He graduated from Iona College with both his BBA ‘17 and MBA ‘18.

Eugene W. Landy founded UMH in 1968 with a social mission to provide quality affordable housing. Today UMH continues executing on that vision with modern and energy efficient, three-bedroom homes with rents starting at only $750 per month. The promotion of Aaron Potter and the creation of this role will ensure that the company maintains and continues to work towards this mission. He will work with the entire company to promote sustainability, social responsibility, and diversity.

Samuel A. Landy, President and Chief Executive Officer, commented, “Aaron has been involved in our growth over the past few years. He has effectively worked with our Executive Officers, Vice Presidents, Regional Managers and Community Managers to ensure that our goals are being met. From the inception of this company, management has focused on being socially mindful, environmentally beneficial and well-governed. Aaron will further our commitment to these important priorities.”

As detailed in the ESG Report posted on the Company’s investor website (www.umh.reit), UMH believes that environmental and socially desirable initiatives result in strong shareholder returns and enrich the lives of our employees, residents and society as a whole through beneficial products and the creation of meaningful careers. We are an environmentally friendly company. Our homes are produced in a factory which results in less material waste. We have also separately metered most of our homes which has resulted in a reduction in water consumption of approximately 30%. We believe that investors should view UMH as an ESG investment because of its 52 year history of providing quality affordable housing and the implementation of its environmental initiatives.

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.

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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

FAQ

What does Aaron Potter’s promotion to Director of ESG mean for UMH?

Aaron Potter's promotion is aimed at enhancing UMH's commitment to sustainability, social responsibility, and diversity, which could positively impact the company's public image and operations.

How does UMH define its ESG initiatives?

UMH's ESG initiatives focus on sustainability, social responsibility, and responsible governance, promoting affordable housing while minimizing environmental impact.

What are the potential impacts of UMH's ESG focus on shareholders?

The commitment to ESG initiatives is designed to enhance shareholder returns through responsible business practices that may attract socially conscious investors.

When did Aaron Potter join UMH Properties?

Aaron Potter joined UMH Properties in 2017 as an Operations Analyst and Assistant to the President.