0000752642-15-000015.txt : 20150821 0000752642-15-000015.hdr.sgml : 20150821 20150821102705 ACCESSION NUMBER: 0000752642-15-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150820 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150821 DATE AS OF CHANGE: 20150821 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UMH PROPERTIES, INC. CENTRAL INDEX KEY: 0000752642 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 221890929 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12690 FILM NUMBER: 151067896 BUSINESS ADDRESS: STREET 1: 3499 ROUTE 9 N, SUITE 3-C STREET 2: JUNIPER BUSINESS PLAZA CITY: FREEHOLD STATE: NJ ZIP: 07728 BUSINESS PHONE: 7325779997 MAIL ADDRESS: STREET 1: 3499 ROUTE 9 N, SUITE 3-C STREET 2: JUNIPER BUSINESS PLAZA CITY: FREEHOLD STATE: NJ ZIP: 07728 FORMER COMPANY: FORMER CONFORMED NAME: UNITED MOBILE HOMES INC DATE OF NAME CHANGE: 19920703 8-K 1 umh8k8202015.htm FORM 8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

______________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 20, 2015

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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 August 20, 2015 the Company issued a press release announcing the acquisition of three manufactured home communities situated on approximately 177 acres for a purchase price of $32,500,000. In conjunction with this acquisition, the Company also announced the completion of the financing of six manufactured home communities.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Press Release dated August 20, 2015.

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: August 21, 2015	By: /s/ Anna T. Chew
	Name Anna T. Chew Vice President and Chief Financial Officer

EX-99 2 umhpressrelease8202015.htm EX 99 PRESS RELEASE

FOR IMMEDIATE RELEASE	August 20, 2015
	Contact: Nelli Madden
	732-577-9997

UMH PROPERTIES, INC. ANNOUNCES THE CLOSING OF THREE NEW ACQUISITIONS

FREEHOLD, NJ, August 20, 2015........ UMH Properties, Inc. (NYSE: UMH) today announced that it closed on the first tranche of its previously disclosed agreement to purchase six manufactured home communities. This tranche consists of three communities, two located in Ohio and one located in Michigan, for a total purchase price of $32,500,000. These three, all-age communities contain 897 developed homesites situated on 177 acres. The weighted average occupancy rate for these communities is approximately 69%. With this closing, UMH now owns ninety-five communities containing approximately 16,600 developed homesites.

In conjunction with this acquisition, UMH has successfully completed the financing of six manufactured home communities, including these three communities, for total proceeds of approximately $43.1 million. These mortgages, five of which are with the Federal Home Loan Mortgage Corporation (Freddie Mac), have 10-year maturities with a weighted average interest rate of 4.1%.

Samuel A. Landy, President and Chief Executive Officer commented, “We are very pleased to announce the closing of these three communities. These all-age communities are well located within our geographic footprint and, with an average occupancy rate of 69%, they have strong organic growth potential. By making necessary improvements, UMH has been successful at growing the occupancy rates at our recently acquired communities. We are seeing increased demand for high-quality affordable housing and we plan on providing this type of housing with these new acquisitions.”

“We are also very pleased to announce the favorable financing terms we have obtained in conjunction with this acquisition. These new mortgage loans demonstrate the value of our communities and our financial flexibility. We appreciate the support of the lending community as we continue to execute our growth strategy.”

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates ninety-five manufactured home communities with approximately 16,600 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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