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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 3, 2012
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UMH Properties, Inc.
(Exact name of registrant as specified in its charter)
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Maryland 001-12690 22-1890929
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Juniper Business Plaza, 3499 Route 9 North, Suite 3-C, Freehold, NJ 07728
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (732) 577-9997
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01
Regulation FD Disclosure.
On February 3, 2012 the Company issued a press release announcing a new mortgage loan with Bank of America, in the amount of $11,400,000.
Item 9.01
Financial Statements and Exhibits.
(c) Exhibits.
99
Press Release dated February 3, 2012.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UMH Properties, Inc.
Date: February 6, 2012
By: /s/ Anna T. Chew
Name:
Anna T. Chew
Vice President and Chief Financial Officer
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FOR IMMEDIATE RELEASE
February 3, 2012
Contact: Susan M. Jordan
732/577-9997
UMH PROPERTIES, INC. ANNOUNCES NEW MORTGAGE LOAN
FREEHOLD, NJ, February 3, 2012 ..UMH Properties, Inc. (NYSE Amex:UMH) today announced that it has entered into a new $11,400,000 mortgage loan with Bank of America, N.A. to refinance two manufactured home communities located in Tennessee and Ohio. This mortgage is at a fixed all-in rate of 4.39%, with monthly principal payments of $26,113. The maturity date is February 1, 2017 but may be extended for an additional two years at an interest rate of LIBOR plus 3.25%.
Samuel A. Landy, President, stated, We are very pleased with this new financing and look forward to continuing our long and mutually beneficial relationship with Bank of America.
UMH Properties, Inc., a publicly owned REIT, owns and operates forty-one manufactured home communities with approximately 9,000 total home sites located in Indiana, New Jersey, New York, Ohio, Pennsylvania, and Tennessee. In addition, the Company owns a portfolio of REIT securities.
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