UMH PROPERTIES, INC. SURPASSES 1,000 SELF-STORAGE UNITS
UMH Properties announced the acquisition of a 246-unit self-storage facility in Anderson, Indiana, bringing its total self-storage portfolio to over 1,000 units. The newly acquired facility is located adjacent to one of UMH's existing communities. The company operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes. These communities span across 12 states, with two Florida communities (363 sites) operated through a joint venture with Nuveen Real Estate.
UMH Properties ha annunciato l'acquisizione di una struttura di self-storage con 246 unità ad Anderson, Indiana, portando il suo portafoglio totale di self-storage a oltre 1.000 unità. La struttura recentemente acquisita si trova adiacente a una delle comunità esistenti di UMH. L'azienda gestisce 139 comunità per case prefabbricate con circa 26.200 lotti sviluppati, inclusi 10.300 case in affitto. Queste comunità si estendono su 12 stati, con due comunità in Florida (363 lotti) gestite tramite una joint venture con Nuveen Real Estate.
UMH Properties anunció la adquisición de una instalación de autoservicio de almacenamiento de 246 unidades en Anderson, Indiana, llevando su cartera total de autoservicio de almacenamiento a más de 1,000 unidades. La instalación adquirida recientemente está ubicada junto a una de las comunidades existentes de UMH. La empresa opera 139 comunidades de casas prefabricadas con aproximadamente 26,200 terrenos desarrollados, incluidos 10,300 hogares en alquiler. Estas comunidades se extienden a través de 12 estados, con dos comunidades en Florida (363 terrenos) operadas a través de una empresa conjunta con Nuveen Real Estate.
UMH Properties는 인디애나 주 앤더슨에 있는 246개 유닛의 셀프 스토리지 시설을 인수했다고 발표했으며, 이를 통해 전체 셀프 스토리지 포트폴리오가 1,000개 유닛을 초과하게 되었습니다. 새로 인수한 시설은 UMH의 기존 커뮤니티 중 하나와 인접해 있습니다. 이 회사는 약 26,200개의 개발된 홈사이트를 포함하여 10,300개의 임대 주택을 운영하는 139개의 조립식 주택 커뮤니티를 운영하고 있습니다. 이들 커뮤니티는 12개 주에 걸쳐 있으며, 플로리다주에 있는 두 개의 커뮤니티(363개 사이트)는 Nuveen Real Estate와의 합작 투자로 운영됩니다.
UMH Properties a annoncé l'acquisition d'une installation de self-stockage de 246 unités à Anderson, Indiana, portant son portefeuille total de self-stockage à plus de 1 000 unités. La nouvelle installation acquise est située à proximité d'une des communautés existantes de UMH. L'entreprise exploite 139 communautés de maisons préfabriquées avec environ 26 200 emplacements développés, dont 10 300 maisons locatives. Ces communautés s'étendent sur 12 États, avec deux communautés en Floride (363 emplacements) gérées par le biais d'une coentreprise avec Nuveen Real Estate.
UMH Properties gab die Akquisition einer 246-Einheiten-Selbstlagerungsanlage in Anderson, Indiana, bekannt, wodurch das gesamte Selbstlagerungsportfolio auf über 1.000 Einheiten anwächst. Die neu erworbene Anlage befindet sich in unmittelbarer Nähe zu einer der bestehenden Gemeinden von UMH. Das Unternehmen betreibt 139 Fertighausgemeinschaften mit insgesamt etwa 26.200 entwickelten Grundstücken, darunter 10.300 Mietwohnungen. Diese Gemeinschaften erstrecken sich über 12 Bundesstaaten, wobei zwei Gemeinschaften in Florida (363 Grundstücke) durch ein Joint Venture mit Nuveen Real Estate betrieben werden.
- Expansion of self-storage portfolio with 246 new units
- Strategic location adjacent to existing UMH community
- Diversification of revenue streams through self-storage business
- None.
Insights
The acquisition of a 246-unit self-storage facility in Anderson, Indiana marks a strategic expansion of UMH's self-storage portfolio beyond 1,000 units. This vertical integration strategy of placing storage facilities near existing manufactured home communities creates operational synergies and diversifies revenue streams. The proximity to UMH communities provides a built-in customer base while serving the broader local market.
With 139 manufactured home communities containing approximately 26,200 homesites, of which 10,300 are rental homes, UMH has established a solid foundation in the affordable housing sector. The addition of self-storage units represents a complementary business line that can leverage existing management infrastructure and enhance property values. This expansion demonstrates UMH's commitment to maximizing asset utilization and creating additional revenue opportunities from their existing geographical footprint.
FREEHOLD, NJ, Nov. 04, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced that on November 1, 2024, the company closed on an acquisition of a self-storage facility adjoining one of UMH’s communities in Anderson, Indiana. The facility contains 246 self-storage units. UMH now has more than 1,000 storage units in its portfolio. All of UMH’s storage units either adjoin or are in close proximity to a UMH community.
Samuel A. Landy, President and Chief Executive Officer, commented “UMH is proud to surpass 1,000 self-storage units. UMH has a wonderful staff in our communities and when the opportunity presents itself for nearby additional storage, our staff can offer greater customer service for residents and the surrounding area’s storage needs. Adjoining self-storage has worked well for UMH, for residents, investors, and the nearby communities.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 139 manufactured home communities, containing approximately 26,200 developed homesites, of which 10,300 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 139 communities are two communities in Florida, containing 363 sites that UMH owns and operates through its joint venture with Nuveen Real Estate.
Contact: Nelli Madden
732-577-9997
FAQ
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