United Mobile Homes, Inc. Announces New Acquisition
14 3월 2006 - 12:12AM
PR Newswire (US)
FREEHOLD, N.J., March 13 /PRNewswire-FirstCall/ -- United Mobile
Homes, Inc. (AMEX:UMH) announced the acquisition on March 10, 2006,
of Weatherly Estates I, a 271-space manufactured home community in
Lebanon, Tennessee, for a total purchase price of approximately
$5,200,000. With this purchase, UMH now owns 28 manufactured home
communities consisting of approximately 6,400 sites. Samuel A.
Landy, President, stated, "The operation of Weatherly Estates I
will fit in nicely with our existing Tennessee communities. This
well-located family community near Nashville is a welcome addition
to our portfolio." 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-eight 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, both of United Mobile
Homes, Inc., +1-732-577-9997
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