From time to time MDN highlights the investments made by the publicly traded company UMH Properties, a New Jersey-based real estate investment company that buys up trailer parks (see our list of stories here). They’ve paid millions of dollars to buy trailer parks in the northeast. Why? Because those parks are located in the Marcellus/Utica Shale region. That is their stated reason. UMH says in their quarterly earnings call with investors and analysts that the Marcellus and Utica continue to drive their development decisions. We don’t know why, but we find this fascinating. Here are excerpts from the UMH conference call with analysts last week…
