UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF SHAYA BARON

Rhea-AI Summary

UMH Properties, Inc. has promoted Shaya Baron to Director of Insurance, enhancing its insurance operations across states where it operates. The announcement was made by Samuel A. Landy, President and CEO, highlighting Baron's expertise in providing affordable insurance for renters. UMH, established in 1968, manages 124 manufactured home communities with around 23,400 homesites in multiple states, including New Jersey and New York. This leadership change aims to strengthen UMH’s insurance strategy, ensuring adequate coverage for its operational needs.

Positive

• Promotion of Shaya Baron expected to enhance the insurance strategy.
• Shaya's experience with insurance partners may improve renters' policy offerings.

Negative

• No significant industry experience details provided for the new Director.

FREEHOLD, NJ, Dec. 18, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is proud to promote Shaya Baron to Director of Insurance. Shaya is licensed to sell insurance in each of the states where UMH operates.

Samuel A. Landy, President and Chief Executive Officer, commented, “Shaya has worked with many insurance partners to provide our renters with affordable liability insurance policies. He will also continually analyze UMH’s insurance needs to ascertain that we are adequately covered. We look forward to him continuing these efforts and growing this area of our business.”

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.

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 is the reason for Shaya Baron's promotion at UMH?

Shaya Baron was promoted to enhance UMH's insurance operations and ensure adequate coverage for the company's needs.

When was Shaya Baron promoted to Director of Insurance?

Shaya Baron was promoted on December 18, 2020.

How many manufactured home communities does UMH operate?

UMH operates 124 manufactured home communities.

In which states does UMH Properties operate?

UMH operates in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, and Michigan.