UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF T.C. SHEPPARD

Rhea-AI Summary

UMH Properties, Inc. has announced the promotion of T.C. Sheppard to Vice President of Consumer Finance. Samuel A. Landy, the company's CEO, praised Sheppard's contributions, highlighting his role in enhancing financing options leading to increased home sales in their manufactured home communities. UMH Properties operates 124 communities across several states, providing reliable income streams through successful financing initiatives. The company aims to expand its sales and finance operations further.

Positive

• Promotion of T.C. Sheppard expected to strengthen leadership in consumer finance.
• Sheppard's track record includes enhancing home financing and sales.
• Continued focus on expanding a reliable income stream through home sales.

Negative

• None.

FREEHOLD, NJ, Dec. 18, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is proud to promote T.C. Sheppard to Vice President of Consumer Finance.

Samuel A. Landy, President and Chief Executive Officer, commented, “T.C. has done an excellent job working with our community managers and customers to obtain financing and ultimately close home sales. Our sales and finance operation has grown over the years and T.C. has played a key role in that accomplishment. Financing homes in our communities has been an excellent business that produces reliable income streams. We look forward to expanding upon this already successful venture.”

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

Who is T.C. Sheppard and what is his new role at UMH?

T.C. Sheppard has been promoted to Vice President of Consumer Finance at UMH Properties, focusing on enhancing financing and home sales.

What did Samuel A. Landy say about T.C. Sheppard's performance?

Samuel A. Landy praised T.C. Sheppard for his excellent work, contributing significantly to the growth of sales and financing operations.

How many manufactured home communities does UMH Properties operate?

UMH Properties operates 124 manufactured home communities across various states.

What is the expected impact of T.C. Sheppard's promotion on UMH?

Sheppard's promotion is expected to strengthen leadership in consumer finance and expand successful financing initiatives.