UMH Properties, Inc. has appointed Mr. Todd J. Clark as a new Class I Director, with his term expiring in 2028. Mr. Clark, the Dean of Widener University Delaware Law School, has extensive experience in legal issues, corporate justice, and management. UMH Properties, Inc. President and CEO, Samuel A. Landy, expressed his satisfaction with Clark's appointment, highlighting his valuable expertise and leadership qualities.
UMH Properties, Inc. is a public equity REIT that owns and operates 144 manufactured home communities, comprising around 26,800 developed homesites, with 10,600 containing rental homes, and over 1,000 self-storage units. These communities are spread across several states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. The company also has an ownership interest in and operates one community in Pennsylvania through its joint venture with Nuveen Real Estate.
The addition of Mr. Clark to the Board of Directors comes at a time of continued growth for the company, which was organized in 1968. It indicates the company's commitment to enhancing its governance and legal expertise, as well as its focus on continued expansion and development within the manufactured home communities and self-storage sector. The market has reacted to these announcements by moving the company's shares -0.33% to a price of $15.03. If you want to know more, read the company's complete 8-K report here.
