Marcellus/Utica Keeps Trailer Park Operator Busy AND Profitable

UMH Properties logoWe occasionally write about a New Jersey-based real estate investment company, UMH Properties, Inc., because they keep buying trailer parks in the Marcellus/Utica with the express hope that drilling activity in the region will lead to high occupancy rates (see our UMH stories here). You might think with the rapid slowdown in drilling UMH’s strategy is in peril. But you would be wrong. Net income for the company was up 165%–from $718,517 in the first quarter of 2015 to $1,906,469 in 1Q16. How can that be? Samuel Landy, president and CEO of UMH, says that the abundance of cheap shale gas has improved the economic lives of people living in their trailer parks. He also said even though there’s less drilling, there’s more pipeline work going on and in those areas UMH’s trailer parks have strong demand. The future looks bright for UMH–thanks to hitching its wagon to the Marcellus/Utica…

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