UMH Snaps Up More PA/OH Trailer Parks, Targeting M-U Workers

You don’t often hear about a company that owns trailer parks as being a publicly-held company (trading shares of stock on the New York Stock Exchange). But such is the case with New Jersey-based real estate investment company, UMH Properties, Inc. We’ve written about UMH a number of times before (see our UMH stories here). 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. They’ve just done it again. Last week UMH closed on two more trailer parks in Ohio, and yesterday they closed on purchasing another park in Pennsylvania. Their target seems to be workers in the shale industry. Their strategy is working…
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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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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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Trailer Park Company Credits Marcellus/Utica for Record Profits

A company we’ve written about for the past few years is UMH Properties–a real estate company that keeps snapping up trailer parks in the Marcellus/Utica region (see our UMH Properties stories here). UMH is a public company with shares of stock. Therefore, it files quarterly and annual reports, and hosts analyst conference calls. MDN picked through the latest from UMH to find some interesting quotes. In essence, UMH still loves the Marcellus/Utica and will continue to look for new acquisitions in our neck of the woods. The company made $14 million last year (in the black). So you see, not everyone in the Marcellus/Utica is going through tough times. Here’s a few select quotes from the annual report and from the UMH earnings phone call with analysts…
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Extra Couple $ Million? Buy a Trailer Park in the Marcellus/Utica

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…
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Another Marcellus-Area Trailer Park Sold – For $3.5M

Seems like every now and again UMH Properties, a New Jersey-based real estate investment company, snaps up yet another trailer park. The company has added a number of them in Pennsylvania (see More Housing for Marcellus/Utica on the Way in Pittsburgh Region; Quirky Friday: What’s the Main Selling Point of Erie, PA Trailer Park?; and UMH Pays $5.3M for 2 Trailer Parks in W PA for Marcellus/Utica). UMH buys these properties specifically because they are located in active Marcellus/Utica drilling areas. Until now, all of the properties they’ve purchased close to shale activity have been located in western PA. UMH has just purchased another trailer park for $3.5 million–this one in northeastern PA…
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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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Quirky Friday: What’s the Main Selling Point of Erie, PA Trailer Park?

It’s Friday and sometimes the impending weekend puts us in a quirky mood. And then we notice something that strikes us as quirky or interesting–and we pass it along. Such is the case with this story. UMH Properties, Inc. is a real estate investment trust (REIT) that owns and operates manufactured home communities in seven states throughout the northeast–trailer parks and modular home communities. UMH issued a press release yesterday to crow about buying yet another trailer park in Erie, PA for $3.8 million. Stick with us, there is a point. The main advantage/reason that UMH purchased this particular trailer park to add to their growing portfolio? It’s located in the Marcellus/Utica region, and because it’s located in prime shale country, they figure occupancy rates will remain high…
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More Housing for Marcellus/Utica on the Way in Pittsburgh Region

A New Jersey-based real estate investment company, UMH Properties, Inc., announced yesterday they’ve purchased four manufactured home communities in the Pittsburgh, PA area for $12.2 million. The reason? To expand in the Marcellus/Utica region. The company plans to build homes for sale and for rent to those who work in the Marcellus and Utica Shale…
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