Marcellus/Utica is “Winning Strategy” for Trailer Park Company

UMH Properties logoA company we’ve written about for the past few years is UMH Properties–a New Jersey-based real estate company that keeps snapping up trailer parks in the Marcellus/Utica region (see our UMH Properties stories here). Although the drilling industry in the Marcellus/Utica has been in a slump, you wouldn’t know it from the performance of UMH. The company specifically credits the Marcellus/Utica with its stellar performance in the second quarter of 2016. Highlights of 2Q16 for UMH include: rental and related income up 25 percent; community net operating income up 33 percent; and home sales up 72.4 percent. The company’s decision to focus its expansion in areas where energy development has created high demand for affordable housing, like the northeast, is paying off big-time…

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