UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF T.C. SHEPPARD
UMH Properties, Inc. has announced the promotion of T.C.
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Rhea-AI Summary
UMH Properties, Inc. has announced the promotion of T.C. Sheppard to Vice President of Consumer Finance. Samuel A. Landy, the company's CEO, praised Sheppard's contributions, highlighting his role in enhancing financing options leading to increased home sales in their manufactured home communities. UMH Properties operates 124 communities across several states, providing reliable income streams through successful financing initiatives. The company aims to expand its sales and finance operations further.
Positive
- Promotion of T.C. Sheppard expected to strengthen leadership in consumer finance.
- Sheppard's track record includes enhancing home financing and sales.
- Continued focus on expanding a reliable income stream through home sales.
Negative
- None.
Details
News Market Reaction – UMH
The recorded move for UMH in the trading session of this news was -6.71%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, Dec. 18, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is proud to promote T.C. Sheppard to Vice President of Consumer Finance.
Samuel A. Landy, President and Chief Executive Officer, commented, “T.C. has done an excellent job working with our community managers and customers to obtain financing and ultimately close home sales. Our sales and finance operation has grown over the years and T.C. has played a key role in that accomplishment. Financing homes in our communities has been an excellent business that produces reliable income streams. We look forward to expanding upon this already successful venture.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities with approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, and Michigan.
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Contact: Nelli Madden
732-577-9997
UMH PROPERTIES, INC.
Juniper Business Plaza
3499 Route 9 North, Suite 3-C
Freehold, NJ 07728
(732) 577-9997
Fax: (732) 577-9980
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