Debt	6 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	NOTE 5 – DEBT As of March 31, 2016, total loans payable represented a $2,344,906 term loan at an annual interest rate of 4.90%, maturing November 29, 2016, a $2,571,977 term loan at a variable annual interest rate of prime plus 0.75% with a floor of 4.50%, maturing on March 9, 2017, and $95,000,000 drawn down on the Company’s $130,000,000 unsecured line of credit facility (the “Facility”), maturing in August 2019. Borrowings under the Facility, up to the first 60% of the value of the borrowing base properties, bear interest at LIBOR plus 140 basis points to 220 basis points, depending on the Company’s leverage ratio. Based on the Company’s current leverage ratio, borrowings under the Facility bear interest at LIBOR plus 170 basis points for borrowings up to 60% of the value of the borrowing base properties, which was at an interest rate of 2.14% as of March 31, 2016, and LIBOR plus 245 basis points for borrowings in excess of 60% of the value of the borrowing base properties, which was at an interest rate of 2.89% as of March 31, 2016. In addition, the Company has a $70,000,000 accordion feature bringing the total potential availability under the Facility (subject to various conditions as specified in the loan agreement) up to $200,000,000. As of March 31, 2016, the interest rate of the $2,571,977 loan was 4.50% and the weighted average interest rate of the total amount drawn down on the Facility was 2.18%. The $2,571,977 term loan is secured by 500,000 shares of UMH common stock with a fair value of $4,960,000 as of March 31, 2016 and the $2,344,906 term loan is secured by 200,000 shares of UMH 8.25% Series A preferred stock with a fair value of $5,148,000 as of March 31, 2016. In connection with the three properties acquired during the six months ended March 31, 2016, which are located in Concord (Charlotte), NC; Covington (New Orleans), LA and Imperial (Pittsburgh), PA (as described in Note 3), the Company entered into two, fifteen year self-amortizing mortgages and one fourteen year self-amortizing mortgage originally totaling $46,670,000 with a weighted average interest rate of 3.86%. During the six months ended March 31, 2016, the Company fully repaid its fully amortized mortgage on its property located in St. Joseph, MO. In addition, subsequent to the quarter end, the Company fully prepaid its two mortgages on its property located in Beltsville, MD and its mortgage on its property located in Granite City, IL totaling approximately $5,134,000. During the six months ended March 31, 2016, the Company drew down $15,000,000 on its unsecured line of credit.

Debt

6 Months Ended

Mar. 31, 2016

NOTE 5 – DEBT

As of March 31, 2016, total loans payable represented a $2,344,906 term loan at an annual interest rate of 4.90%, maturing November 29, 2016, a $2,571,977 term loan at a variable annual interest rate of prime plus 0.75% with a floor of 4.50%, maturing on March 9, 2017, and $95,000,000 drawn down on the Company’s $130,000,000 unsecured line of credit facility (the “Facility”), maturing in August 2019. Borrowings under the Facility, up to the first 60% of the value of the borrowing base properties, bear interest at LIBOR plus 140 basis points to 220 basis points, depending on the Company’s leverage ratio. Based on the Company’s current leverage ratio, borrowings under the Facility bear interest at LIBOR plus 170 basis points for borrowings up to 60% of the value of the borrowing base properties, which was at an interest rate of 2.14% as of March 31, 2016, and LIBOR plus 245 basis points for borrowings in excess of 60% of the value of the borrowing base properties, which was at an interest rate of 2.89% as of March 31, 2016. In addition, the Company has a $70,000,000 accordion feature bringing the total potential availability under the Facility (subject to various conditions as specified in the loan agreement) up to $200,000,000.

As of March 31, 2016, the interest rate of the $2,571,977 loan was 4.50% and the weighted average interest rate of the total amount drawn down on the Facility was 2.18%. The $2,571,977 term loan is secured by 500,000 shares of UMH common stock with a fair value of $4,960,000 as of March 31, 2016 and the $2,344,906 term loan is secured by 200,000 shares of UMH 8.25% Series A preferred stock with a fair value of $5,148,000 as of March 31, 2016.

In connection with the three properties acquired during the six months ended March 31, 2016, which are located in Concord (Charlotte), NC; Covington (New Orleans), LA and Imperial (Pittsburgh), PA (as described in Note 3), the Company entered into two, fifteen year self-amortizing mortgages and one fourteen year self-amortizing mortgage originally totaling $46,670,000 with a weighted average interest rate of 3.86%.

During the six months ended March 31, 2016, the Company fully repaid its fully amortized mortgage on its property located in St. Joseph, MO. In addition, subsequent to the quarter end, the Company fully prepaid its two mortgages on its property located in Beltsville, MD and its mortgage on its property located in Granite City, IL totaling approximately $5,134,000.

During the six months ended March 31, 2016, the Company drew down $15,000,000 on its unsecured line of credit.