UMH Properties Inc. highlights portfolio growth and expansion plans in latest investor presentation
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UMH Properties Inc. has detailed its portfolio growth and expansion plans in a recent investor presentation. The company operates 145 communities with 27,000 homesites and expanded its rental portfolio by 500 homes. Plans include adding 700-800 homes and developing 9,200 future lots. Financial highlights include a $99.6 million loan portfolio, a 15% rise in normalized funds from operations, and improved occupancy rates. UMH acquired two communities in Maryland and issued $80.2 million in Series B Bonds.
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