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UMH Properties Expands Manufactured Home Portfolio With Latest Purchase

The Choice Group Sells 824 Developed Homesites in $19.4 Million Trade
Friendly Village is the third manufactured home community in Perrysburg, Ohio acquired by UMH Properties, Inc. (NYSE: UMH) from a four-community portfolio. The REIT is planning to buy the fourth community in the third quarter. Photo: UMH Properties.
Friendly Village is the third manufactured home community in Perrysburg, Ohio acquired by UMH Properties, Inc. (NYSE: UMH) from a four-community portfolio. The REIT is planning to buy the fourth community in the third quarter. Photo: UMH Properties.
By James Regoord
CoStar Research
July 16, 2019 | 2:43 P.M.

Real estate investment trust UMH Properties, Inc. recently acquired Friendly Village, an 824-homesite manufactured home property in Perrysburg, Ohio, just south of Toledo, from The Choice Group for $19.4 million, or approximately $24,000 per developed homesite.

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