0001493152-17-000683.txt : 20170120 0001493152-17-000683.hdr.sgml : 20170120 20170120170216 ACCESSION NUMBER: 0001493152-17-000683 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170120 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170120 DATE AS OF CHANGE: 20170120 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: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12690 FILM NUMBER: 17539132 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 form8-k.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

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): January 20, 2017

 

 

 

UMH Properties, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

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))

 

 

 

   
   

 

Item 7.01 Regulation FD Disclosure.

 

On January 20, 2017 the Company issued a press release announcing the acquisition of two manufactured home communities located in Indiana, situated on approximately 155 acres, for a purchase price of $24,437,000. In connection with this acquisition, UMH also announced the completion of the financing of two manufactured home communities.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.
   
99 Press Release dated January 20, 2017.

 

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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: January 20, 2017 By: /s/ Anna T. Chew
  Name: Anna T. Chew
  Title: Vice President and Chief Financial Officer

 

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 EX-99 2 ex99.htm

 

FOR IMMEDIATE RELEASE January 20, 2017
  Contact: Nelli Madden
  732-577-9997

 

UMH PROPERTIES COMPLETES ACQUISITION OF TWO INDIANA COMMUNITIES

 

FREEHOLD, NJ, January 20, 2017........ UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of Boardwalk and Parke Place located in Indiana for a total purchase price of $24,437,000. This acquisition consists of one age restricted community containing 195 sites and one all-age community containing 364 sites. The two communities contain a total of 559 developed homesites and are situated on approximately 155 acres. The weighted-average occupancy rate for these communities is approximately 77%. In conjunction with this acquisition, UMH obtained a $14,250,000 mortgage with Wells Fargo/Freddie Mac on the properties. The mortgage has a 4.56% interest rate and a 10-year term with a 30-year amortization.

 

Samuel A. Landy, President and Chief Executive Officer, commented, “UMH is very happy to continue to execute on our acquisition program. UMH has performed exceptionally well in the Indiana market. We are very excited to add these two communities to our existing portfolio. We currently own the Highland manufactured home community which is directly adjacent to these two communities. UMH will now own 805 contiguous sites. These are very high quality locations that have numerous vacancies which provides UMH with an opportunity to significantly grow occupancy and revenue for the foreseeable future. UMH continues to seek acquisitions that fit our growth criteria.”

 

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates one hundred five manufactured home communities with approximately 19,100 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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