FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

LANDY EUGENE W
2. Issuer Name and Ticker or Trading Symbol

UMH PROPERTIES, INC. [ UMH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman of the Board
(Last)          (First)          (Middle)

3499 RT. 9 NORTH, SUITE 3-C
3. Date of Earliest Transaction (MM/DD/YYYY)

1/25/2023
(Street)

FREEHOLD, NJ 07728
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
UMH Properties, Inc.         904146.044 D  
UMH Properties, Inc.         112849 I The Sheltered Family Trust 
UMH Properties, Inc.         122880 I Eugene W. and Gloria Landy Family Foundation 
UMH Properties, Inc.         0 (1)I Juniper Plaza Associates 
UMH Properties, Inc.         0 (2)I Windsor Industrial Park Associates 
UMH Properties, Inc.         172607.725 I Landy Investments 
UMH Properties, Inc.         33561.288 I Landy & Landy Employees' Pension Plan 
UMH Properties, Inc.         42912.51 I Landy & Landy Employees' Profit Sharing Plan 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
UMH Properties, Inc. $18.52           9/9/2023 9/9/2032 UMH Properties, Inc. 100000  100000 D  
UMH Properties, Inc. $9.70           3/25/2021 3/25/2030 UMH Properties, Inc. 100000  100000 D  
UMH Properties, Inc. $13.90           4/2/2020 4/2/2029 UMH Properties, Inc. 100000  100000 D  
UMH Properties, Inc. $13.09           4/2/2019 4/2/2028 UMH Properties, Inc. 100000  100000 D  
UMH Properties, Inc. $15.04           4/4/2018 4/4/2027 UMH Properties, Inc. 100000  100000 D  
UMH Properties, Inc. $9.77           4/5/2017 4/5/2024 UMH Properties, Inc. 100000  100000 D  

Explanation of Responses:
(1) Mr. Landy is no longer a general partner of Juniper Plaza Associates, and accordingly shares owned by Juniper Plaza Associates are no longer deemed beneficially owned by Mr. Landy.
(2) Mr. Landy is no longer a general partner of Windsor Industrial Park Associates, and accordingly shares owned by Windsor Industrial Park Associates are no longer deemed beneficially owned by Mr. Landy.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
LANDY EUGENE W
3499 RT. 9 NORTH
SUITE 3-C
FREEHOLD, NJ 07728
X
Chairman of the Board

Signatures
Eugene W. Landy1/25/2023
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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