UMH Properties Inc. will be added as a constituent to the MSCI US REIT Index, effective at the market close on May 31, 2017. According to Samuel A. Landy, President and Chief Executive Officer, “We are very pleased to now be represented in the MSCI US REIT Index. The manufactured housing sector has been one of the best performing real estate sectors over the long term.”
Landy continues that “With UMH’s inclusion, our sector is now fully represented in this most widely followed REIT index. We anticipate our inclusion to result in greater visibility for UMH and it should allow us to reach a broader pool of investors.”
The RMZ is comprised of 158 companies with a combined market capitalization of over $800 billion and has been a leading REIT index since 1994.
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 106 manufactured home communities containing approximately 19,300 developed homesites. The communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. In addition, the Company owns a portfolio of REIT securities.
Earlier this month, UMH revealed that Port Royal Village won the Manufactured Housing Institute’s Land-Lease Community of the Year Award for the Northeast/Mid-Atlantic region.
Port Royal Village is an all-age community located in Belle Vernon, PA. It contains 465 developed homesites situated on approximately 101 acres. UMH is proud to receive this award as it showcases our dedication to providing quality affordable housing at each of our 106 locations.
At the time, Landy said that “Port Royal Village is a beautiful community located just forty-five minutes south of Pittsburgh. The residents here enjoy a high-quality community with many amenities and scenic views. This community will continue to benefit from the growing Marcellus and Utica shale industries.”