United Mobile Homes, Inc. Announces New Acquisition
29 11월 2005 - 4:13AM
PR Newswire (US)
FREEHOLD, N.J., Nov. 28 /PRNewswire-FirstCall/ -- United Mobile
Homes, Inc. (AMEX:UMH) announced the acquisition on November 22,
2005, of 67 acres of land in the City of Vineland, New Jersey, for
a total purchase price of approximately $1,900,000. With this
purchase, UMH now owns 132 acres adjoining its Fairview Manor
Manufactured Home Community. UMH hopes to gain approval to build a
400-space, 55+ and older manufactured home land leased community.
Samuel A. Landy, President, stated, "We have a very good
relationship with the City of Vineland. Cumberland County and
Vineland are growing rapidly, and we hope to provide quality
manufactured homes to residents 55+ and older." United Mobile
Homes, Inc. is a publicly-owned real estate investment trust whose
primary business is the ownership and operation of manufactured
home community. The Company owns and operates twenty-seven
manufactured home communities located in New York, New Jersey,
Pennsylvania, Ohio and Tennessee. In addition, the Company owns a
portfolio of REIT securities. UMH has been in operation since 1968,
operating as a public company since 1985. DATASOURCE: United Mobile
Homes, Inc. CONTACT: Rosemarie Faccone or Susan Jordan, United
Mobile Homes, Inc., +1-732-577-9997
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