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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): July 16, 2014
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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 July 16, 2014 the Company issued a press release announcing the acquisition of four Pennsylvania manufactured home communities situated on approximately 239 acres, for a purchase price of $12,200,000.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
99
Press Release dated July 16, 2014.
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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: July 16, 2014
By: /s/ Anna T. Chew
Name:
Anna T. Chew
Vice President and Chief Financial Officer
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UMH PROPERTIES, INC.
Juniper Business Plaza
3499 Route 9 North, Suite 3-C
Freehold, NJ 07728
(732) 577-9997
Fax: (732) 577-9980
FOR IMMEDIATE RELEASE
July 16, 2014
Contact: Susan Jordan
732-577-9997
UMH PROPERTIES, INC. ANNOUNCES NEW ACQUISITION
FREEHOLD, NJ, July 16, 2014……..UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of four Pennsylvania manufactured home communities for $12,200,000. These four all-age communities are located in the Pittsburgh metropolitan area and contain a total of 336 developed homesites that are situated on approximately 239 total acres. The average occupancy for these communities is approximately 84%. With this acquisition, UMH owns eighty-six communities consisting of approximately 14,800 developed homesites.
Samuel A. Landy President, stated, “We continue to implement our business plan of purchasing communities in strong geographic areas in close proximity to our existing locations. These communities are in areas where we expect economic growth due to Marcellus and Utica Shale related industries. We believe by making capital improvements and adding rental units we will increase the value of these communities and increase their income over time.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates eighty-six manufactured home communities containing approximately 14,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, and Michigan. In addition, the Company owns a portfolio of REIT securities.
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