REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2011

Real Estate and Accumulated Depreciation Disclosure [Abstract]

REAL ESTATE AND ACCUMULATED DEPRECIATION

UMH PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011


Column A		Column B			Column C				Column D
					Initial Cost
							Site, Land
							& Building		Capitalization
							Improvements		Subsequent to
Description		Encumbrances			Land		and Rental Homes		Acquisition

Memphis, TN	$	-0-		$	250,000	$	2,569,101	$	4,356,914
Berwick, PA		15,500,000	(1)		372,000		4,776,000		-0-
Greenfield Ctr, NY		-0-			37,500		232,547		2,916,382
Vineland, NJ		9,417,680			320,000		1,866,323		1,321,471
Lewistown, PA		-0-			137,000		613,000		-0-
Duncansville, PA		-0-			60,774		378,093		1,481,577
Tiffin, OH		-0-			142,000		3,301,800		-0-
Columbia, TN		-0-			394,000		6,916,500		40,588
Cranberry Twp, PA		2,990,316			181,930		1,922,931		1,193,365
Clifton Park, NY		7,670,858	(2)		391,724		704,021		1,918,167
Apollo, PA		-0-			670,000		1,336,600		1,687,191
Cranberry Twp, PA		2,990,316			75,000		977,225		2,222,116
Millville, NJ		10,720,691			216,000		1,166,517		8,460,932
Kutztown, PA		9,887,460			145,000		1,695,041		8,074,725
Inkerman, PA		1,847,558			572,500		2,151,569		4,103,145
Monticello, NY		-0-			235,600		1,402,572		5,794,126
Navarre, OH		-0-			290,000		1,457,673		3,644,305
Cresson, PA		-0-			432,700		2,070,426		1,624,275
Taylor, PA			(1)		674,000		9,432,800		-0-
Memphis, TN		-0-			78,435		810,477		648,237
Avoca, PA			(1)		330,000		3,794,100		-0-
Tunkhannock, PA			(1)		379,000		1,639,000		-0-
West Grove, PA		7,850,087			175,000		990,515		1,077,506
Carlisle, PA		-0-			37,540		198,321		4,872,468
Bloomsburg, PA			(1)		282,000		2,174,800		-0-
Belle Vernon, PA		4,744,677			150,000		2,491,796		6,321,044
Marion, OH		-0-			236,000		785,293		3,990,681
Nashville, TN		-0-			337,000		3,379,000		33,648
Somerset, PA		1,185,835			1,485,000		2,050,400		4,804,805
Athens, OH		-0-			67,000		1,326,800		1,097,072
Greensburg, PA		7,174,164	(3)		299,000		5,837,272		(26,731)
Somerset, PA			(3)		287,000		6,113,528		43,258
Magnolia, OH		2,031,946			270,000		1,941,430		3,753,892
Jackson, NJ		6,270,422			100,095		602,820		1,727,784
Goodlettsville, TN		-0-			411,000		1,867,000		(14,106)
Hamburg, NY			(2)		424,000		3,812,000		1,320,299
West Monroe, NY		-0-			77,000		841,000		727,069
Lebanon, TN		-0-			1,184,000		4,034,480		1,298,379
Eatontown, NJ		-0-			157,421		280,749		600,856
Caledonia, OH		-0-			260,000		1,753,206		2,783,225
Coxsackie, NY		-0-			1,757,800		-0-		1,073,293

	$	90,282,010		$	14,382,019	$	91,694,726	$	84,971,958

UMH PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011


Column A		Column E (4) (5)
		Gross Amount at Which Carried at 12/31/11
				Site, Land
				& Building
				Improvements				Accumulated
Description		Land		and Rental Homes		Total		Depreciation

Memphis, TN	$	250,000	$	6,926,014	$	7,176,014	$	3,634,348
Berwick, PA		372,000		4,753,997		5,125,997		186,398
Greenfield Ctr, NY		122,865		3,063,565		3,186,430		1,672,751
Vineland, NJ		408,206		3,099,588		3,507,794		2,403,528
Lewistown, PA		137,000		613,000		750,000		-0-
Duncansville, PA		60,774		1,859,670		1,920,444		829,598
Tiffin, OH		142,000		3,301,800		3,443,800		30,016
Columbia, TN		394,000		6,957,088		7,351,088		144,417
Cranberry Twp, PA		181,930		3,116,296		3,298,226		2,207,123
Clifton Park, NY		391,724		2,622,187		3,013,911		1,477,118
Apollo, PA		732,089		2,961,702		3,693,791		1,427,747
Cranberry Twp, PA		75,000		3,199,341		3,274,341		2,068,851
Millville, NJ		2,534,891		7,308,558		9,843,449		3,560,665
Kutztown, PA		404,239		9,510,527		9,914,766		4,150,294
Inkerman, PA		572,500		6,254,714		6,827,214		3,264,540
Monticello, NY		318,472		7,113,826		7,432,298		2,820,991
Navarre, OH		290,000		5,101,978		5,391,978		2,211,312
Cresson, PA		432,700		3,694,701		4,127,401		1,096,995
Taylor, PA		674,000		9,527,531		10,201,531		373,647
Memphis, TN		78,435		1,458,714		1,537,149		1,085,237
Avoca, PA		330,000		3,827,611		4,157,611		149,589
Tunkhannock, PA		379,000		1,735,264		2,114,264		66,227
West Grove, PA		155,000		2,088,021		2,243,021		1,729,820
Carlisle, PA		145,473		4,962,856		5,108,329		1,589,574
Bloomsburg, PA		282,000		2,176,137		2,458,137		85,372
Belle Vernon, PA		210,000		8,752,840		8,962,840		4,331,523
Marion, OH		236,000		4,775,974		5,011,974		2,299,339
Nashville, TN		337,000		3,412,648		3,749,648		71,191
Somerset, PA		1,488,600		6,851,605		8,340,205		1,407,598
Athens, OH		67,000		2,423,872		2,490,872		928,265
Greensburg, PA		299,000		5,810,541		6,109,541		334,261
Somerset, PA		287,000		6,156,786		6,443,786		354,264
Magnolia, OH		270,000		5,695,322		5,965,322		3,277,966
Jackson, NJ		100,095		2,330,604		2,430,699		1,709,999
Goodlettsville, TN		411,000		1,852,894		2,263,894		38,929
Hamburg, NY		424,000		5,132,299		5,556,299		2,274,305
West Monroe, NY		77,000		1,568,069		1,645,069		442,276
Lebanon, TN		1,184,000		5,332,859		6,516,859		1,041,529
Eatontown, NJ		135,421		903,605		1,039,026		511,051
Caledonia, OH		260,000		4,536,431		4,796,431		1,654,066
Coxsackie, NY		2,218,800		612,293		2,831,093		51,373

	$	17,869,214	$	173,383,328	$	191,252,542	$	58,994,093

UMH PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011


Column A	Column G	Column H	Column I

	Date of	Date	Depreciable
Description	Construction	Acquired	Life

Memphis, TN	prior to 1980	1986	3 to 27.5
Berwick, PA	1973-1976	2010	27.5
Greenfield Ctr, NY	prior to 1970	1977	3 to 27.5
Vineland, NJ	1973	1986	3 to 27.5
Lewistown, PA	prior to 1980	2011	5 to 27.5
Duncansville, PA	1961	1979	3 to 27.5
Tiffin, OH	1968/1987	2011	27.5
Columbia, TN	1988/1992	2011	5 to 27.5
Cranberry Twp, PA	1974	1986	5 to 27.5
Clifton Park, NY	1972	1978	3 to 27.5
Apollo, PA	prior to 1980	1995	5 to 27.5
Cranberry Twp, PA	prior to 1980	1982	3 to 27.5
Millville, NJ	prior to 1980	1985	3 to 27.5
Kutztown, PA	1971	1979	5 to 27.5
Inkerman, PA	1970	1992	5 to 27.5
Monticello, NY	1972	1988	5 to 27.5
Navarre, OH	prior to 1980	1987	5 to 27.5
Cresson, PA	prior to 1980	2001	5 to 27.5
Taylor, PA	1972	2010	27.5
Memphis, TN	1955	1985	3 to 27.5
Avoca, PA	1972	2010	27.5
Tunkhannock, PA	1972	2010	27.5
West Grove, PA	1971	1974	5 to 27.5
Carlisle, PA	1961	1969	3 to 27.5
Bloomsburg, PA	1960's	2010	27.5
Belle Vernon, PA	1973	1983	3 to 27.5
Marion, OH	1950	1986	3 to 27.5
Nashville, TN	1954	2011	5 to 27.5
Somerset, PA	prior to 1980	2004	5 to 27.5
Athens, OH	prior to 1980	1996	5 to 27.5
Greensburg, PA	1968/1980	2010	27.5
Somerset, PA	1970	2010	5 to 27.5
Magnolia, OH	prior to 1980	1985	5 to 27.5
Jackson, NJ	1969	1969	3 to 27.5
Goodlettsville, TN	1964	2011	5 to 27.5
Hamburg, NY	prior to 1980	1997	5 to 27.5
West Monroe, NY	prior to 1980	2003	5 to 27.5
Lebanon, TN	1997	2006	5 to 27.5
Eatontown, NJ	1964	1978	3 to 27.5
Caledonia, OH	prior to 1980	1996	5 to 27.5
Coxsackie, NY	N/A	2005	N/A

UMH PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011

(1)

Represents one mortgage note payable secured by five properties.

(2)

Represents one mortgage note payable secured by two properties.

(3)

Represents one mortgage note payable secured by two properties.

(4)

Reconciliation


	/----------FIXED ASSETS-----------/
		12/31/11	12/31/10	12/31/09

Balance – Beginning of Year		$168,590,072	$125,318,411	$122,031,499

Additions:
Acquisitions		17,498,300	36,390,500	-0-
Improvements		5,935,642	7,397,282	4,074,484
Depreciation		-0-	-0-	-0-

Total Additions		23,433,942	43,787,782	4,074,484

Deletions		(771,472)	(516,121)	(787,572)

Balance – End of Year		$191,252,542	$168,590,072	$125,318,411


		/-----ACCUMULATED DEPRECIATION-----/
Reconciliation:	12/31/11		12/31/10	12/31/09

Balance – Beginning of Year	$53,950,873		$50,112,798	$46,849,662

Additions:
Acquisitions	-0-		-0-	-0-
Improvements	-0-		-0-	-0-
Depreciation	5,273,809		4,064,311	3,518,691

Total Additions	5,273,809		4,064,311	3,518,691

Deletions	(230,589)		(226,236)	(255,555)

Balance – End of Year	$58,994,093		$53,950,873	$50,112,798

(5)

The aggregate cost for Federal tax purposes approximates historical cost.

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

+ References+ Details