UMH Umh Properties Common Stock

FREEHOLD, N.J., Dec. 20 /PRNewswire-FirstCall/ -- United Mobile Homes, Inc. (AMEX:UMH) announced that it has entered into a contract with Affordable Residential Communities Inc. (at auction) to purchase Weatherly Estates I, a 271-space manufactured home community in Lebanon, Tennessee, for a total purchase price of approximately $5,200,000. Samuel A. Landy, President, stated, "Weatherly Estates I is a well-located family community near Nashville that fits in with our existing Tennessee communities. We look forward to completing this purchase and welcoming this community into our portfolio." Closing is scheduled for the first quarter of 2006. However, because of the contingent nature of contracts to purchase real property, there can be no assurance that closing will occur. United Mobile Homes, Inc. is a publicly-owned real estate investment trust whose primary business is the ownership and operation of manufactured home communities. 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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