UMH PROPERTIES, INC. REPORTS ON THE IMPACT OF HURRICANE IAN
October 10 2022 - 9:35AM
UMH Properties, Inc. (NYSE:UMH) reported today on the impact of
Hurricane Ian on its manufactured housing community, owned through
its joint venture with Nuveen Real Estate, located in Sebring,
Florida.
Samuel A. Landy, President and Chief Executive
Officer, commented, “We are proud to report that Sebring Square and
our modern manufactured homes performed exceptionally well through
a devastating storm. The community experienced a direct hit from
the storm with sustained winds of over 75 miles per hour with gusts
much stronger and over 10 inches of rain. We had a hurricane
preparedness plan in place and emergency supplies on site.
Fortunately, none of our residents or employees were injured.
Several of our homes had minor roof and skirting damage, 4 sheds
were destroyed, and a few palm trees were uprooted. The limited
damage to our homes and our community demonstrates the quality and
durability of our homes.
“While our damage was minimal, others were not
as fortunate and faced significant damage. We have homes available
and are working to provide housing to those who have been
displaced. UMH is discussing with federal, state, and local
officials the assistance UMH can provide for the current housing
emergency. UMH will accelerate, if possible, the development of new
homes in Florida to address this urgent housing need.”
UMH Properties, Inc., which was organized in
1968, is a public equity REIT that owns and operates 132
manufactured home communities containing approximately 25,000
developed homesites. These communities are located in New Jersey,
New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan,
Maryland, Alabama and South Carolina. UMH also has an ownership
interest in and operates one community in Florida, containing 219
sites, through its joint venture with Nuveen Real Estate.
Contact: Nelli
Madden732-577-4062
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