Posts Tagged ‘marcellus’

UMH CEO Sam Landy Touts and Tempers Manufactured Home Operation’s Expectations

April 10th, 2018 Comments off


UMH Properties (UMH:NYSE) has both touted and tempered the results and expectations that investors may have with respect to one of the largest players in the manufactured home community (MHC) sector.


To provide a balanced view of the latest reports on the manufactured home (MH) community REIT (Real Estate Investment Trust) – UMH Properties – to MH Industry Professionals and investors, one must take a step back and establish some context.

The Daily Business News is the only MH Industry trade media that tracks their and other stocks connected to manufactured homes.  We’ve done so for years. The closing numbers on the UMH stock last night are linked here.


 So MHProNews and has directly engaged with UMH Properties for years, as well as tracked reports about them by others.  MHProNews has interviewed UMH President Sam Landy a number of times.


The videos posted are both from 2017, but are revealing and relevant precisely as background.  They reflect their leadership’s thinking and company facts in brief.

MHProNews will follow up in the near term with a deeper data dive into UMH, and what that tells us about the trends in manufactured housing in general, as well as in the community sector.

Related reports to the state of the manufactured home industry after the end of the first quarter of 2018 are linked below. ## (News, analysis, and commentary.)  (Third party images are provided under fair use guidelines.)

Related Reports:

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

Intelligence Report – MHI Producer Spotlights “the Plan” for MHCs, Community REITs

Sun Communities Annual Data and Manufactured Housing Industry Investor Presentation Highlights

Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and

$6.7 Billion in Opportunities Bubbling Up?

September 20th, 2016 Comments off

pennsylvaniachamberbusinessindustrypresidentceogenebarr-freeenterprisepostedmanufacturedhousingindustrydailybusinessnewsmhpronewsBooms in West Texas, North Dakota and the Marcellus regions due to oil and gas drilling may have tamped down for a time, but one (or more) of those may be bubbling back up.  Shale Directories (SD) notes that, “Yes, $6.7 Billion in Spending Is Coming.”

SD reports:

  • multi-billion-dollar pipeline projects – The Atlantic Sunrise, Mariner 2 and the PennEast;
  • a pickup in drilling is coming for the balance of 2016 and into 2017 in the Marcellus region;
  • plus new power-plant construction.

For manufactured home retailers and manufactured home land-lease communities in that market area, such activities can only mean good news looming over the horizon.

But is the SD view of this activity an outlier, or part of a broader consensus on the issue of a coming multi-billion-dollar boom in parts of Pennsylvania?


Photo credit, Riverview Homes, near Pittsburg, PA.

MarcellusDrilling  (MD) stated in a recent report that: “Gene Barr is the president and CEO of the Pennsylvania Chamber of Business and Industry. The PA Chamber is a big supporter of the Marcellus industry. Writing a column that appears in a recent edition of the York Dispatch, Barr gives full-throated support to three pipelines “critical” to PA’s future: Williams’ Atlantic Sunrise; Sunoco Logistics’ Mariner East 2; and UGI Energy Services’ PennEast…”


Image credit, Marcellus Drilling.

What MD calls 3 Plus 1, they call for similar support of the Williams Constitution Pipeline in NY.  The political climate may make that project more problematic.

But given the push for jobs in the so-called “rust belt” states, the remaining projects look to be well positioned.

That could bode well for manufactured and modular home producers, suppliers and the front lines who could supply homes rapidly and for less than conventional builders, notably in a part of the nation where older, less energy-efficient and often costlier housing stock exists. ##

Previous, related reports: 

Trump, Kasich, Shale and Manufactured Housing

UMH Properties Includes Focus on Energy Region

(Images credits are as shown.)


L. A. ‘Tony’ Kovach is the publisher of, and MH Consultant.

Submitted by L. A. “Tony” Kovach to the Daily Business News for MHProNews.

UMH Community Hosting Baseball Legend “Doc” Gooden ; UMH Chair to Present at NAREIT

June 1st, 2016 Comments off

Dwight_Doc_Gooden__pitcher__marcellus__creidtUMH Properties, Inc. (NYSE:UMH) announces it will host three-time champion World Series pitcher Dwight “Doc” Gooden on June 18, 2016 at the manufactured home community owner’s Kinnebrook Estates in Monticello, New York. Gooden will sign fans’ sports memorabilia or a free photo of the storied pitcher that attendees will receive after touring a UMH model home, according to marcellus.

Although his greatest impact was with the New York Mets and the New York Yankees during his 16-year career from 1984 to 2000, Gooden also pitched for the Cleveland Indians, Tampa Bay Devil Rays and the Houston Astros.

He played for the Mets during the team’s World Series victory in 1986, and he pitched the first no-hitter of his career with the Yankees in 1996. The youngest player to appear in an All Star game, Gooden won the prestigious Cy Young Award after only four seasons in the majors, and maintained a lifetime batting average of 318, unusual for a pitcher.

In other news, prnewswire reports UMH will present at REITWeek 2016: NAREIT’s Investor Forum on June 7, 2016 at the Waldorf Astoria New York. Opening remarks will be delivered by Chairman of the Board Eugene Landy, who will be celebrating his 50th year as Chairman in 2018.

MHProNews knows UMH owns and operates 98 manufactured home communities comprised of 17,800 home sites in seven states east of the Mississippi. The real estate investment trust (REIT) also owns a portfolio of REIT securities. ##

(Photo credit: marcellus–baseball great Dwight “Doc” Gooden)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Memphis Blues MHC near Completion by UMH Properties

March 15th, 2016 Comments off

umh_properties__memphis_bluews_mhc__marcellus__creditUMH Properties, Inc. is in the final stages of extensively rebuilding the Memphis Blues manufactured home community, including re-engineered flood protection, at the former site of the Memphis Mobile Community (MMC), severely damaged by flooding. The new community is gated, and features a playground and 24-hour on-site management, as MHProNews has learned from marcellus.

The community site was refilled during the rebuild, and raised well above the flood plane. Additionally, new streets, utilities, security fence, office and other amenities have been included in the reconstruction, as well as installation of manufactured homes compliant with the city’s zoning ordinances which provide added flood protection.

The community is scheduled to re-open in June, 2016.

UMH is a real estate investment trust (REIT) that owns and operates 98 MHCs comprised of 17,800 developed home sites. ##

(Image credit: UMH Properties, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

UMH Properties Reports Sustained Growth for Q4 2014

March 13th, 2015 Comments off

umh_mfg_home__cedit_umhIn the company’s year end and Q4 conference call, UMH’s president and CEO Samuel Landy says the company acquired 14 manufactured home communities (MHC) comprised of 1,600 developed homesites for $42.6 million, representing an increase in home sites of 12 percent. In addition, UMH acquired an MHC in Erie, Pennsylvania with 141 homesites for $3.8 million since Jan. 1.

During Q2 of this year the company expects to close on three more PA MHCs with 482 developed homesites for $9.1 million, and is negotiations for additional properties. The company expects to spend another $100 million for communities during the next few years, as seekingalpha tells MHProNews.

Overall occupancy rose to 82.3 percent from 81.5 percent at year-end 2013, and 1,500 rental units were added over the past two years for total rental units of 2,600 at the end of 2014. Occupied rental homes now account for 19 percent of total homesites. As the result of tight credit standards and limited wage growth, rental units are in higher demand.

For Q4 2014, core funds from operations (FFO) equaled $3.8 million, an increase of 220 percent over the $1.1 million for Q4 2013. Rental income grew 20 percent from $14.1 million to $16.9 million for Q4 over the same quarter of 2013.

UMH has also opened four MH sales centers which generated a loss of $1.9 million for 2014, an increase from the $640,000 loss of 2013, but in the long term UMH expects as sales increase this figure will turn around.

The company has $10.2 million available on its line of credit and owns $63.6 million in marketable REIT securities. Taking advantage of the low interest rates, UMH will refinance a portfolio of their MHCs, raising $55million to $60 million which will provide $40 million to $45 million in available cash.

Chairman of the Board of UMH Eugene Landy says the company is taking advantage of the growing housing market, especially MH rentals, in the Utica and Marcellus gas and oil exploration markets in Pennsylvania and Ohio, and has invested in MHCs in that region. ##

(Photo credit: UMH Properties)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.


UMH to Discuss First Quarter Results

March 24th, 2014 Comments off

Manufactured home community (MHC) owner UMH Properties, Inc. (UMH) will host a webcast and conference call for its first quarter, 2014 financials on Friday, May 9, 2014 at 10 AM eastern time. As reports, senior management will discuss the results, current market conditions and the future. UMH is a public equity real estate investment trust (REIT) that owns and operates 82 MHCs comprised of approximately 14,500 homesites. On March 14, 2014 published a story regarding UMH’s acquisition of eight MHCs in Ohio to take advantage of the energy exploration in the Marcellus and Utica shale region. ##

(Image credit: UMH Properties, Inc.)