UMH Pays $5.3M for 2 Trailer Parks in W PA for Marcellus/Utica

We’ve talked about a New Jersey-based real estate investment company, UMH Properties, Inc., a couple of times before. Why? 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. In July 2014 UMH bought four “manufactured homes communities” in the Pittsburgh area (see More Housing for Marcellus/Utica on the Way in Pittsburgh Region). In January of this year, UMH bought another trailer park–this one in Erie, PA (see Quirky Friday: What’s the Main Selling Point of Erie, PA Trailer Park?). UMH is back–they’ve just purchased two more trailer parks in western PA for $5.3 million…

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