UMH Properties board campaign tied to 4.27M shares
The participants may be deemed to beneficially own 4,270,000 UMH common shares, including 3,451,421 held directly by Erez REIT Opportunities.
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Rhea-AI Filing Summary
UMH Properties, Inc. is the subject of a proxy campaign launched by Erez Asset Management LLC, Erez REIT Opportunities LP and Bruce Schanzer. The participants intend to seek board change and solicit proxies for UMH’s 2027 annual meeting. They may be deemed to beneficially own 4,270,000 common shares in aggregate; the same number is attributed to Erez Asset Management as investment manager and to Schanzer, its Chairman, Chief Investment Officer and sole member. Erez REIT Opportunities directly holds 3,451,421 shares. Erez Asset Management launched a campaign website and posted an X message linking to a shareholder presentation on September 28, 2026.
Filing Explained
Erez’s group says it intends to seek board change and file definitive proxy materials for UMH’s 2027 annual meeting; this filing is not the definitive proxy, so the contest remains at the announced-intent stage, before a shareholder decision.
Key Figures
Key Terms
beneficially own regulatory
investment manager financial
solicitation of proxies regulatory
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Where will UMH proxy solicitation documents be available?
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SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
Filed by the Registrant ☐
Filed by a Party other than the Registrant þ
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| þ | Soliciting Material Under Rule 14a-12 |
UMH Properties, Inc.
(Name of Registrant as Specified In Its Charter)
Erez REIT Opportunities LP
Erez Asset Management LLC
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| þ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. |
On September 28, 2026, Erez Asset Management LLC launched a campaign website (the “Website”) located at www.saveUMH.com, the contents of which are filed herewith as Exhibit 1; and posted a message to its X account (the “Tweet”), reproduced herein as Exhibit 2. The Website and the Tweet contained a link to a presentation to the shareholders of UMH Properties, Inc. (the “Company”), reproduced herein as Exhibit 3.
Information regarding the Participants (as defined in Exhibit 4) in any future solicitation of proxies from the shareholders of the Company is filed herewith as Exhibit 4.
Exhibit 1
Exhibit 2
Exhibit 3
Exhibit 4
Erez Asset Management LLC (“Erez Asset Management”), Erez REIT Opportunities LP (“Erez Opportunities”) and Bruce Schanzer (“Mr. Schanzer,” and together with Erez Asset Management and Erez Opportunities, the “Participants”) intend to seek board change and file a definitive proxy statement and accompanying form of proxy with the Securities and Exchange Commission (the “SEC”) to be used in conjunction with a solicitation of proxies from the shareholders of UMH Properties, Inc. (the “Company”) in connection with the Company’s 2027 annual meeting of shareholders. The Company’s shareholders are advised to read the definitive proxy statement and other documents related to the solicitation of proxies with respect to the Company by the Participants as they become available because they will contain important information. They will be made available at no charge on the SEC’s website, http://www.sec.gov/.
As of the date hereof, the Participants may be deemed to beneficially own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934), in the aggregate, 4,270,000 shares of the Company’s common stock, $0.10 par value per share (the “Common Shares”). Of the 4,270,000 Common Shares owned in the aggregate by the Participants, such Common Shares may be deemed to be beneficially owned as follows: (a) 4,270,000 Common Shares may be deemed to be beneficially owned by Erez Asset Management by virtue of its status as the investment manager of various funds and accounts; (b) 3,451,421 Common Shares may be deemed to be beneficially owned by Erez Opportunities which directly holds such Common Shares; and (b) 4,270,000 Common Shares may be deemed to be beneficially owned by Mr. Schanzer by virtue of his status as the Chairman, Chief Investment Officer and sole member of Erez Asset Management.