UMH Properties Inc. Expands Fannie Mae Credit Facility with Strategic Acquisition

Location: New York, NY

UMH Properties, Inc. (NYSE: UMH), a publicly traded real estate investment trust (REIT) specializing in manufactured home communities, has announced a significant expansion of its Fannie Mae credit facility. The company has successfully added seven communities with a total of 1,765 sites, securing approximately $91.8 million in proceeds. This strategic move underscores UMH's commitment to enhancing its portfolio while addressing the growing demand for affordable housing.

On November 25, 2025, UMH Properties finalized the addition to its credit facility, facilitated through Wells Fargo Bank, N.A. The terms of the loan are noteworthy, featuring an interest-only structure at a fixed rate of 5.46% with a nine-year maturity. The proceeds from this financing will be strategically allocated towards several initiatives, including:

Samuel A. Landy, President and Chief Executive Officer of UMH Properties, expressed pride in the completion of this refinancing, stating, “This refinancing further demonstrates the value created through our business plan.” A certified appraisal of the newly added communities concluded a total value of $145.1 million, equating to approximately $82,000 per site. Remarkably, the total investment in these communities stands at $73.2 million, reflecting an impressive appreciation of $71.9 million, or 98%, from the initial cost basis.

Landy emphasized the company’s strategy, noting, “Our ability to acquire value-add communities, complete necessary improvements, and increase occupancy through our sales and rental programs generates meaningful property level value.” This statement highlights UMH's targeted approach to enhancing its asset portfolio while maximizing shareholder returns.

UMH Properties remains steadfast in its mission to provide affordable housing solutions across the United States. Landy remarked on the collaboration with lending partners, stating, “We are proud of our team and our lending partners at Wells Fargo and Fannie Mae for completing this transaction.” He added that the capital deployed from this refinancing will not only bolster the company’s growth but also contribute significantly to the availability of affordable housing in the nation.

Founded in 1968, UMH Properties, Inc. is a public equity REIT that owns and operates 145 manufactured home communities, encompassing approximately 27,000 developed homesites. Among these, 10,800 are dedicated to rental homes, along with over 1,000 self-storage units. The communities are strategically located across several states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. Notably, the company operates two communities in Florida and one in Pennsylvania through joint ventures with Nuveen Real Estate.

The addition to UMH Properties’ Fannie Mae credit facility marks a pivotal moment for the company, reinforcing its strategy to expand its portfolio while addressing critical housing needs. As the market for affordable housing continues to grow, UMH's proactive approach positions it favorably for long-term success, benefitting both its shareholders and the communities it serves.