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

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UMH Properties, Inc. (NYSE: UMH) has announced the promotion of T.C. Sheppard to Senior Vice President of Sales and Consumer Finance. Under Sheppard's leadership since 2020, UMH has seen significant growth in key areas:

  • Sales increased by 54% from $20.3 million in 2020 to $31.2 million in 2023
  • Notes receivable portfolio grew by 88% from $44.3 million at the end of 2020 to $83.3 million in Q2 2024

UMH, a public equity REIT founded in 1968, owns and operates 136 manufactured home communities with approximately 25,800 developed homesites across 11 states. The company also has a joint venture with Nuveen Real Estate, operating two communities in Florida with 363 sites.

UMH Properties, Inc. (NYSE: UMH) ha annunciato la promozione di T.C. Sheppard a Vice Presidente Senior delle Vendite e Finanza dei Consumatori. Sotto la guida di Sheppard dal 2020, UMH ha registrato una crescita significativa in aree chiave:

  • Le vendite sono aumentate del 54%, passando da 20,3 milioni di dollari nel 2020 a 31,2 milioni di dollari nel 2023
  • Il portafoglio di note receivable è cresciuto dell'88% passando da 44,3 milioni di dollari alla fine del 2020 a 83,3 milioni di dollari nel secondo trimestre del 2024

UMH, un REIT pubblico fondato nel 1968, possiede e gestisce 136 comunità di case prefabbricate con circa 25.800 lotti sviluppati in 11 stati. L'azienda ha anche una joint venture con Nuveen Real Estate, operando due comunità in Florida con 363 lotti.

UMH Properties, Inc. (NYSE: UMH) ha anunciado la promoción de T.C. Sheppard a Vicepresidente Senior de Ventas y Finanza del Consumidor. Bajo el liderazgo de Sheppard desde 2020, UMH ha visto un crecimiento significativo en áreas clave:

  • Las ventas aumentaron un 54%, pasando de 20,3 millones de dólares en 2020 a 31,2 millones de dólares en 2023
  • El portafolio de notas por cobrar creció un 88% desde 44,3 millones de dólares a finales de 2020 hasta 83,3 millones de dólares en el segundo trimestre de 2024

UMH, un REIT de capital público fundado en 1968, posee y opera 136 comunidades de casas manufacturadas con aproximadamente 25,800 parcelas desarrolladas en 11 estados. La compañía también tiene una empresa conjunta con Nuveen Real Estate, operando dos comunidades en Florida con 363 sitios.

UMH Properties, Inc. (NYSE: UMH)는 T.C. Sheppard를 판매 및 소비자 금융 부문 수석 부사장으로 승진하였다고 발표했습니다. 2020년 이래로 Sheppard의 리더십 아래 UMH는 주요 분야에서 상당한 성장을 하였습니다:

  • 판매액이 2020년 2030만 달러에서 2023년 3120만 달러로 54% 증가했습니다
  • 수취채권 포트폴리오가 2020년 말 4430만 달러에서 2024년 2분기 8330만 달러로 88% 성장했습니다

UMH는 1968년에 설립된 상장형 부동산 투자신탁(REIT)으로, 11개 주에서 약 25,800개의 개발된 주택 부지가 있는 136개의 제조 주택 커뮤니티를 소유 및 운영하고 있습니다. 또한 회사는 Nuveen Real Estate와의 공동 투자로 플로리다에서 363개 사이트를 운영하는 두 개의 커뮤니티를 운영하고 있습니다.

UMH Properties, Inc. (NYSE: UMH) a annoncé la promotion de T.C. Sheppard au poste de Vice-Président Senior des Ventes et de la Finance Client. Sous la direction de Sheppard depuis 2020, UMH a connu une croissance significative dans des domaines clés :

  • Les ventes ont augmenté de 54 % passant de 20,3 millions de dollars en 2020 à 31,2 millions de dollars en 2023
  • Le portefeuille de créances a augmenté de 88 % passant de 44,3 millions de dollars à la fin de 2020 à 83,3 millions de dollars au deuxième trimestre 2024

UMH, un REIT à capitaux publics fondé en 1968, possède et gère 136 communautés de maisons manufacturées avec environ 25 800 sites développés dans 11 États. L’entreprise a également un partenariat avec Nuveen Real Estate, gérant deux communautés en Floride avec 363 sites.

UMH Properties, Inc. (NYSE: UMH) hat die Beförderung von T.C. Sheppard zum Senior Vice President für Vertrieb und Verbraucherfinanzierung bekannt gegeben. Unter der Leitung von Sheppard seit 2020 hat UMH ein signifikantes Wachstum in Schlüsselbereichen erfahren:

  • Der Umsatz stieg um 54% von 20,3 Millionen Dollar im Jahr 2020 auf 31,2 Millionen Dollar im Jahr 2023
  • Das Forderungsportfolio wuchs um 88% von 44,3 Millionen Dollar Ende 2020 auf 83,3 Millionen Dollar im zweiten Quartal 2024

UMH, ein börsennotierter REIT, der 1968 gegründet wurde, besitzt und betreibt 136 hergestellte Wohnanlagen mit ungefähr 25.800 entwickelten Bauplätzen in 11 Bundesstaaten. Das Unternehmen hat außerdem ein Joint Venture mit Nuveen Real Estate, das zwei Gemeinschaften in Florida mit 363 Standorten betreibt.

Positive
  • 54% increase in sales from $20.3 million in 2020 to $31.2 million in 2023
  • 88% growth in notes receivable portfolio from $44.3 million to $83.3 million
  • Promotion of successful executive indicates strong internal growth and leadership development
Negative
  • None.

FREEHOLD, NJ, Aug. 08, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is proud to promote T.C. Sheppard to Senior Vice President of Sales and Consumer Finance.

Samuel A. Landy, President and Chief Executive Officer, commented, “T.C. has excelled in his prior role of Vice President of Consumer Finance. Since his last promotion in 2020, sales have increased from $20.3 million in 2020 to $31.2 million in 2023, or an increase of 54%. Additionally, our notes receivable portfolio has increased from $44.3 million at year end 2020 to $83.3 million as of Q2 2024, representing an increase of 88%. He 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 should continue to grow as demand for sales at our communities increases. We are proud to promote T.C. Sheppard to Senior Vice President of Sales and Consumer Finance.”

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 136 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.

Contact: Nelli Madden
732-577-9997


FAQ

What is T.C. Sheppard's new role at UMH Properties (NYSE: UMH)?

T.C. Sheppard has been promoted to Senior Vice President of Sales and Consumer Finance at UMH Properties, Inc. (NYSE: UMH).

How much did UMH Properties' (NYSE: UMH) sales increase from 2020 to 2023?

UMH Properties' sales increased by 54%, from $20.3 million in 2020 to $31.2 million in 2023.

What was the growth in UMH Properties' (NYSE: UMH) notes receivable portfolio as of Q2 2024?

UMH Properties' notes receivable portfolio grew by 88%, from $44.3 million at the end of 2020 to $83.3 million as of Q2 2024.

How many manufactured home communities does UMH Properties (NYSE: UMH) own and operate?

UMH Properties owns and operates 136 manufactured home communities containing approximately 25,800 developed homesites across 11 states.

UMH Properties, Inc.

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