Green Courte Announces New VP
PRNewswire tells MHProNews Green Courte Partners, LLC announces the appointment of Thru A. Shivakumar as Vice President, Acquisitions. While Ms. Shivakumar’s background is with parking facilities, and...
View ArticleUMH Reports Third Quarter Gains
RTTNews reports UMH Properties, Inc. (UMH) declared its funds from operations attributable to common shareholders (FFO) for the third quarter 2012 was $2.10 million, $0.13 per share, as compared to...
View ArticleUMH Acquires Ohio MHC
International Business Times reports UMH Properties, Inc. (NYSE:UMH) has acquired 141 site Twin Oaks MHC in northern Ohio outside Cleveland for $4,350,000. Based in Freehold, NJ, UMH now owns 56...
View ArticleAfter Christmas Shopping for UMH?
IstockAnalyst reports MHC owner UMH Properties, Inc. has agreed to purchase ten all-age manufactured home communities comprised of 1,855 homesites on 300 acres for $67.5 million. Five of the...
View ArticleKillam Announces 2012 Financials
From north of the border ca.finance.yahoo reports Halifax, Nova Scotia-based MHC owner Killam Properties, Inc. (TSX: KMP) will announce it’s financial results for the year ended 2012 on Tue., March 5...
View ArticleUMH Declares Common & Preferred Dividend
DailyMarkets reports from Freehold, New Jersey UMH Properties, Inc. (UMH) board chairman Eugene W. Landy said the board of directors declared a quarterly cash dividend of $0.18 per share payable March...
View ArticleChickens Outlawed from MHC
The vernonmorningstar tells MHProNews from Lumby, BC in south central British Columbia, Canada the council has finalized a new set of zoning bylaws. One of them permits a laying hen on any lot that has...
View ArticleSun is Shining
SeekingAlpha tells MHProNews MHC owner Sun Communities, Inc. ranks number five of the REITS (real estate investment trusts)in the tax advantaged and high yield sector with a 5.56% annual yield. The Dow...
View ArticleKillam Reports Financials for 2012
NewswireCanada says Killam Properties, Inc. reports funds from operations (FFO) in Q4 2012 rose 15.7 percent over the same period for 2011, and overall net operating income (NOI) increased 1.4 percent...
View ArticleRent Justification Bill in Delaware General Assembly again
DelawareNewszap reports state Sen. Bruce Ennis has sponsored a rent justification bill, SB 33, for manufactured home communities that will mandate MHC owners seek approval from the Delaware...
View ArticleUMH Revenues Nearly Double
From sys-con MHProNews has learned manufactured housing community owner UMH Properties, Inc. reports funds from operations (FFO) came within $222,000 of doubling from the first quarter 2012 to Q1 2013,...
View ArticleMarcus and Millichap Promotes Two
According to what multihousingnews tells MHProNews, Jonathan McClellan and Kyle Baskin of Marcus & Millichap Real Estate Investment Services have been named senior directors of the company’s...
View ArticleMHC Investors to Present at Forum
MarketWatch reports senior executives of MHC owner UMH Properties, Inc. will present at this year’s National Association of Real Estate Investment Trust’s (NAREIT) REITWeek Investor Forum June 5, 2013....
View ArticleTight Economy Spurs Rentals for UMH
In an interview with reit.com, UMH Properties (NYSE:UMH) president and CEO Sam Landy says occupancy rates have risen at the company’s 68 manufactured home communities comprised of 12,800 homesites...
View ArticleRental Market Continues to Expand
According to the National Association of Realtors (NAR), five to six million renter households will be created within the next ten years, as reported in HousingWire. The Census Bureau says renting...
View ArticleDelaware Responds to Class-Action Lawsuit regarding Fees
As follow-up to a May 28 MHProNews post regarding a class-action suit filed against the Delaware Manufactured Housing Relocation Authority (DEMHRA) for allegedly collecting a $3 monthly fee for each...
View ArticleIowa Climbing Back from Low Manufactured Home Sales
While the manufactured housing industry continues to recover, it still has a long way to go, according to Troy Hames of Hames Homes in Marion, Iowa. Noting the company has sold manufactured homes for...
View ArticleUMH Properties’ Samuel Landy to Present at Conference
Manufactured home community owner UMH Properties, Inc. will be presenting at the BMO Capital Markets 8th Annual North American Real Estate Conference Sept. 16-17, 2013. To be held at the Trump...
View ArticleIngenia announces buy of two ‘down under’ MHCs
Ingenia (ASX:INA) purchased two immediately earnings-accretive Manufactured Home communities in Mudgee, New South Wales, for $11.2 million. The Mudgee Valley MHC will be acquired for $4 million, which...
View ArticleTiny House, not ok’d for Manufactured Home Community
Bob Pritt’s 208 square foot home is only 208 square feet, cost him about $20,000 to build, but Anderson County can’t say yes, because his home is not a HUD Code certified manufactured home, so it can’t...
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