Tight Economy Spurs Rentals for UMH

In an interview with reit.com, UMH Properties (NYSE:UMH) president and CEO Sam Landy says occupancy rates have risen at the company’s 68 manufactured home communities comprised of 12,800 homesites because of the strength of the rental market. UMH rented 200 units last year and intends to fill another 200 this year. Noting his competition, Landy [...]