Welcome to UMH

A Brief History of UMH and Manufactured Homes

In the 1920’s, “trailer coaches” began to provide American’s with a ready-made place to stay while they were camping. These trailers were used during World War II to house factory workers that were manufacturing supplies for the military. After the war, there was not an affordable option for veterans. At this time, the home was still able to be moved rather easily from location to location. In the 1960’s consumer’s wanted bigger and better mobile homes. The product began to incorporate modern appliances and amenities. Realizing the oncoming boom of the industry, Eugene Landy founded United Mobile Homes, Inc. (now known as UMH Properties, Inc.). The Mobile Home industry was bound to succeed because of its unique ability to provide affordable housing to the masses. Mobile homes were a great form of housing for young families. The Mobile Home era ended on June 15, 1976 when the Housing and Urban Development (HUD) Code was enacted. HUD Code is a federal standard that regulates the construction quality of these homes. This code is arguably stricter than many of the local building codes that stick built homes must comply with. In 1980, Congress officially adopted the term manufactured housing in an attempt to make it clear that this should be considered a building and not a vehicle.
UMH has been in business since 1968, operating as a public company since 1985. The company offers extensive experience in developing, managing and expanding manufactured housing communities. This experience provides residents with an affordable, clean, and safe community lifestyle that they can be proud of. UMH is proud of our ability to reinvest in our communities and provide our residents with top of the line manufactured housing communities.
When UMH Properties Inc. went public in 1985, the company owned 13 communities consisting of 2,675 homesites. Sam Landy was named President of UMH Properties, Inc. in 1994. In 2001, UMH owned 25 communities consisting of almost 6,000 homesites. Also in 2001, UMH Sales and Finance, Inc. commenced so that we could sell these quality homes and provide financing to our prospective residents. Today, UMH Properties, Inc. owns and operates 141 manufactured home communities with approximately 26,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate. It is clear that UMH Properties, Inc. has a long history of delivering quality affordable housing and a friendly community lifestyle to its residents. We have seen the ups and downs of real estate and are able to navigate both. UMH Properties, Inc. has been around for over 50 years and our operations are stronger than ever despite the difficult economic climate and the regulations imposed on the industry. Our long history has given us the experience necessary to grow our company, continually offer the best communities, and satisfy our residents.

What is a manufactured home?

Manufactured homes are, quite simply, homes that are built completely in a factory and then transported to a homesite for placement. Manufactured homes are built in a controlled setting where there are no weather delays, lost time, or damaged and stolen materials. Our homes offer all of the amenities of a traditional site-built home. They come in a wide variety of architectural styles, layouts, and sizes, though most are single-story homes. A single section manufactured home typically offers up to 1,000 square feet of living space, while a three section home could offer as much as 2,500 square feet. Because they are built in a factory with the efficiency of the assembly line process, manufactured homes are often more affordable than site built homes. They are also perfect for land-lease scenarios, where the homeowner rents only the lot upon which the home is situated.

Check out just some of the manufactured homes that we offer.

All manufactured homes are subject to the federal Manufactured Home Construction and Safety Standards, also known as the HUD Code, established in 1976. These standards, many of which are more stringent than standards for site built homes, ensure that the homes meet regional standards for safety, durability, efficiency, roof load, wind resistance, and other important factors. Before the home leaves the factory, it is carefully inspected to ensure compliance with all aspects of the HUD Code.

WHAT IS A LAND-LEASE COMMUNITY?

UMH communities are known as Land-Lease communities, a housing development where a resident owns or rents a home and leases the lot underneath the home from the landowner. The Land-Lease arrangement allows a resident to experience the true privacy and independence of a single-family home, without spending the funds otherwise spent on land purchase. Unlike other affordable housing options, our residents have no common walls and they can enjoy a spacious yard. Those dreaming of home ownership can live in a three bedroom, two bathroom manufactured home for a similar cost to a one-bedroom apartment. In addition, residents in a UMH community can take comfort in knowing that community standards will be carefully maintained, while enjoying the many social and recreational amenities.

BENEFITS OF A LAND-LEASE COMMUNITY

• Neighborly feeling that instills a stronger sense of community
• Amenities offered at most of our communities, such as community clubhouses, playgrounds, swimming pools, basketball/tennis courts, fitness centers, and storage facilities for RVs and boats
• Resident events and social gatherings for all residents

Financial Benefits of Living in a Land-Lease Community

• Money that would have been spent on land is now free for other purposes
• Minimal closing costs, freeing up money to invest elsewhere
• Lower maintenance costs
• Access to competitive Financing (for qualified buyers)

UMH Financing

We understand.

Let’s face it, times are tough. Most homebuyers are concerned with their ability to borrow money to purchase a home. At UMH, we understand that everyone’s situation is unique. We have licensed Mortgage Professionals eager to discuss options that may be available for your home purchase.

Access to financing.

UMH Sales and Finance, Inc. is an available option to help clients realize the American dream of homeownership. UMH Sales and Finance, Inc. works with many of the industry leaders in manufactured home lending in an effort to help clients secure competitive rates and terms.

Licensed Loan Professionals

Contact one of our licensed Loan professionals today to see what options may be available for you.

Self Storage Facilities

At UMH Properties, we have been providing high-quality affordable housing to our residents for over 50 years. We understand your things are valuable, that is why we offer a wide range of self storage options in our communities. We have self storage facilities open to the public and self storage facilities exclusively for our residents. Our storage units are managed by our staff right on property. For a full list of our self storage facilities, click here.

Investors

UMH Properties, Inc., (NYSE: UMH) is a real estate investment trust (REIT) that owns and operates manufactured home communities. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland and Michigan. Manufactured home communities provide long-term appreciation, recession resistant qualities, and stable income streams.
UMH has been in business since 1968, operating as a public company since 1985. We own and operate 141 manufactured home communities, containing approximately 26,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate. In addition, we own over 2,100 acres of land for the development of new sites. Please visit www.umh.reit for more investor information.

Environmental, Social and Governance Policy

UMH is committed to incorporating environmental and social considerations into its business practices to create value and enhance the communities where our residents live. We also recognize the importance of good corporate governance in ensuring the Company’s continued success and maintaining the confidence of our shareholders. We are proud of all our efforts that are detailed in the ESG Report.

To learn more about our ESG policy, you can view our ESG Report Here.