UMH PROPERTIES, INC. ANNOUNCES ADDITION TO FANNIE MAE CREDIT FACILITY
UMH Properties (NYSE: UMH) has completed the addition of 10 manufactured home communities with 2,001 sites to its Fannie Mae credit facility through Wells Fargo Bank. The transaction secured $101.4 million in proceeds through a 10-year, fixed-rate interest-only loan at 5.855%. The certified appraisal valued these communities at $163.5 million ($82,000 per site), representing a 146% increase from UMH's initial investment of $66.6 million.
The proceeds will fund acquisitions, expansions, rental homes, and temporarily repay higher-interest debt. UMH currently owns and operates 141 manufactured home communities with approximately 26,500 developed homesites across 12 states, including 10,400 rental homes and over 1,000 self-storage units.
UMH Properties (NYSE: UMH) ha completato l'acquisizione di 10 comunità di case prefabbricate con 2.001 siti, finanziata tramite la sua linea di credito Fannie Mae presso Wells Fargo Bank. L'operazione ha garantito 101,4 milioni di dollari attraverso un prestito a tasso fisso e solo interessi della durata di 10 anni, al 5,855%. La perizia certificata ha valutato queste comunità a 163,5 milioni di dollari (82.000 dollari per sito), rappresentando un incremento del 146% rispetto all'investimento iniziale di UMH di 66,6 milioni di dollari.
I proventi finanzieranno acquisizioni, ampliamenti, case in affitto e il rimborso temporaneo di debiti a interesse più elevato. Attualmente UMH possiede e gestisce 141 comunità di case prefabbricate con circa 26.500 siti sviluppati in 12 stati, comprendendo 10.400 case in affitto e oltre 1.000 unità di self-storage.
UMH Properties (NYSE: UMH) ha completado la incorporación de 10 comunidades de casas prefabricadas con 2,001 sitios a su línea de crédito Fannie Mae a través de Wells Fargo Bank. La transacción aseguró 101.4 millones de dólares mediante un préstamo a 10 años, con tasa fija y solo intereses, al 5.855%. La tasación certificada valoró estas comunidades en 163.5 millones de dólares (82,000 dólares por sitio), lo que representa un aumento del 146% respecto a la inversión inicial de UMH de 66.6 millones de dólares.
Los fondos se utilizarán para adquisiciones, ampliaciones, viviendas de alquiler y para reembolsar temporalmente deudas con intereses más altos. Actualmente, UMH posee y opera 141 comunidades de casas prefabricadas con aproximadamente 26,500 sitios desarrollados en 12 estados, incluyendo 10,400 viviendas en alquiler y más de 1,000 unidades de autoalmacenamiento.
UMH Properties (NYSE: UMH)는 Wells Fargo Bank를 통해 Fannie Mae 신용 시설에 2,001개 부지가 있는 10개의 제조 주택 커뮤니티를 추가하는 작업을 완료했습니다. 이 거래를 통해 1억 140만 달러의 자금을 10년 만기 고정 금리 이자만 납부하는 대출로 확보했으며, 이자율은 5.855%입니다. 공인 감정평가에서는 이 커뮤니티들의 가치를 1억 6,350만 달러(부지당 82,000달러)로 평가했으며, 이는 UMH의 초기 투자액 6,660만 달러 대비 146% 증가한 수치입니다.
이 자금은 인수, 확장, 임대 주택 건설 및 고금리 부채의 일시 상환에 사용될 예정입니다. UMH는 현재 12개 주에서 약 26,500개의 개발된 부지를 가진 141개의 제조 주택 커뮤니티를 소유 및 운영 중이며, 여기에는 10,400개의 임대 주택과 1,000개 이상의 셀프 스토리지 유닛이 포함됩니다.
UMH Properties (NYSE : UMH) a finalisé l'ajout de 10 communautés de maisons manufacturées comprenant 2 001 emplacements à sa facilité de crédit Fannie Mae via Wells Fargo Bank. La transaction a permis d'obtenir 101,4 millions de dollars grâce à un prêt à taux fixe sur 10 ans, avec intérêts uniquement, au taux de 5,855%. L'évaluation certifiée a estimé la valeur de ces communautés à 163,5 millions de dollars (82 000 dollars par emplacement), soit une augmentation de 146% par rapport à l'investissement initial de UMH de 66,6 millions de dollars.
Les fonds serviront à financer des acquisitions, des expansions, des logements locatifs et à rembourser temporairement des dettes à taux d'intérêt plus élevé. UMH possède et exploite actuellement 141 communautés de maisons manufacturées avec environ 26 500 emplacements développés dans 12 États, comprenant 10 400 logements locatifs et plus de 1 000 unités de self-stockage.
UMH Properties (NYSE: UMH) hat die Aufnahme von 10 Fertighausanlagen mit 2.001 Stellplätzen in seine Fannie Mae-Kreditfazilität über die Wells Fargo Bank abgeschlossen. Die Transaktion sicherte 101,4 Millionen US-Dollar durch ein 10-jähriges, festverzinsliches Darlehen mit Zinszahlung nur der Zinsen zu 5,855%. Das zertifizierte Gutachten bewertete diese Anlagen mit 163,5 Millionen US-Dollar (82.000 US-Dollar pro Stellplatz), was einer 146%igen Steigerung gegenüber UMHs ursprünglicher Investition von 66,6 Millionen US-Dollar entspricht.
Die Erlöse werden für Akquisitionen, Erweiterungen, Mietobjekte und zur vorübergehenden Rückzahlung von höher verzinsten Schulden verwendet. UMH besitzt und betreibt derzeit 141 Fertighausanlagen mit etwa 26.500 entwickelten Stellplätzen in 12 Bundesstaaten, darunter 10.400 Mietobjekte und über 1.000 Self-Storage-Einheiten.
- Secured $101.4 million in financing at a fixed rate of 5.855%
- Properties appreciated 146% from $66.6M investment to $163.5M appraised value
- Interest-only loan structure provides improved cash flow
- Funds will support growth through acquisitions and expansions
- None.
Insights
UMH secures $101.4M in financing at 5.855% fixed rate, unlocking significant value with properties appraised 146% above cost basis.
UMH Properties has strategically enhanced its financial position by adding ten manufactured home communities (2,001 sites) to its Fannie Mae credit facility through Wells Fargo for
The transaction reveals substantial embedded value in UMH's portfolio. The certified appraisal valued these communities at
The capital deployment strategy is multi-faceted, targeting additional acquisitions, community expansions, rental home investments, and repayment of higher-interest debt. This balanced approach should simultaneously drive growth while optimizing the company's debt structure.
UMH's overall portfolio now encompasses 141 manufactured home communities with approximately 26,500 developed homesites across 12 states, including 10,400 rental homes and over 1,000 self-storage units. The company also maintains a joint venture with Nuveen Real Estate for two Florida communities.
This financing validates UMH's business model of acquiring underperforming communities, implementing improvements, and increasing occupancy through varied housing options, creating significant value while addressing the critical need for affordable housing.
FREEHOLD, NJ, May 16, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) announced that on May 15, 2025 it completed the addition of ten communities containing 2,001 sites, to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately
Samuel A. Landy, President and Chief Executive Officer, commented “We are proud to complete another addition to our Fannie Mae credit facility. This refinancing further demonstrates the value created through our business plan. As part of the refinancing process, a certified appraisal was conducted and concluded that these ten communities appraised for
“We are proud of our team and our lending partners at Wells Fargo and Fannie Mae for completing this transaction. We look forward to deploying this capital into our business which will allow us to provide our Nation with additional affordable housing while generating significant long-term results for our shareholders.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed homesites, of which 10,400 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate.
Contact: Nelli Madden
732-577-4062
FAQ
What is the size and terms of UMH Properties' new Fannie Mae credit facility addition?
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