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UMH - UMH Properties acquires South Carolina community for $5.2M
UMH Properties Inc.
UMH Properties ( NYSE: UMH ) has acquired a manufactured home community located in Orangeburg, South Carolina for a purchase price of $5.2M through UMH's newly formed qualified opportunity zone fund.
This community contains 186 developed homesites, of which approximately 42% are occupied. It is situated on approximately 39 acres in a qualified opportunity zone.