UMH Properties: Erez plans board-change push

The participants may be deemed to beneficially own 4,270,000 UMH common shares, including 3,451,421 shares held directly by Erez REIT Opportunities.

Rhea-AI Filing Summary

UMH Properties, Inc. is the subject of materials posted by Erez Asset Management LLC, which says it, Erez REIT Opportunities LP and Bruce Schanzer intend to seek Board change in connection with the 2027 annual meeting and file definitive proxy materials. The participants may be deemed to beneficially own 4,270,000 common shares in aggregate; Erez REIT Opportunities directly holds 3,451,421 shares. Bruce Schanzer is Erez Asset Management’s Chairman, Chief Investment Officer and sole member.

Key Figures

Aggregate beneficial ownership: 4,270,000 shares Direct holdings: 3,451,421 shares Common stock par value: $0.10 per share

3 metrics

Aggregate beneficial ownership 4,270,000 shares UMH common stock; attributed to the participants collectively

Direct holdings 3,451,421 shares UMH common stock held directly by Erez REIT Opportunities LP

Common stock par value $0.10 per share UMH common stock

Key Terms

beneficially own, solicitation of proxies, par value

3 terms

beneficially own regulatory

"may be deemed to beneficially own the 4,270,000 shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

solicitation of proxies regulatory

"in connection with ... a solicitation of proxies"

Solicitation of proxies is the process by which a company or a shareholder asks other shareholders to authorize their votes on corporate matters by signing or submitting a proxy form. Think of it like asking friends to sign a permission slip on your behalf so a decision can be made without everyone attending; it matters to investors because proxy campaigns determine control of the board, approval of major deals or policies, and can signal contested management battles that affect share value and strategy.

par value financial

"common stock, $0.10 par value per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many UMH shares do the participants beneficially own?

The participants may be deemed to beneficially own 4,270,000 shares of UMH common stock in aggregate. Erez REIT Opportunities LP may be deemed to beneficially own 3,451,421 shares that it directly holds.

What are the Erez participants seeking at UMH’s 2027 annual meeting?

Erez Asset Management LLC, Erez REIT Opportunities LP and Bruce Schanzer intend to seek Board change in connection with UMH’s 2027 annual meeting and file a definitive proxy statement and accompanying form of proxy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/19/2026 - 05:23 PM EDT Accepted by SEC EDGAR 10/19/2026 - 05:23 PM EDT Learn about SEC filing dates

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

Bruce Schanzer

(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.

Erez Asset Management LLC posted the following on social media regarding UMH Properties, Inc.

 

Certain Information Concerning the Participants

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 Stock"). Erez Asset Management, by virtue of its status as the investment manager of various funds and accounts, including Erez Opportunities, and Mr. Schanzer, by virtue of his status as the Chairman, Chief Investment Officer and sole member of Erez Asset Management, may be deemed to beneficially own the 4,270,000 shares of Common Stock held by such funds and accounts. Erez Opportunities may be deemed to beneficially own the 3,451,421 shares of Common Stock which it directly holds.