FREEHOLD, N.J., June 21 /PRNewswire-FirstCall/ -- United Mobile Homes,
Inc. (Amex: UMH) announced the acquisition on June 17, 2005, of 185 acres of
land in the Town and Village of Coxsackie, New York for a purchase price of
approximately $1,700,000. This land will be used to develop a new community
for the Company.
Samuel A. Landy, President, stated, "We are looking forward to working
with Saratoga Associates to develop a prestigious manufactured home community
in Coxsackie. This will be a beautiful addition to our family of
communities."
Saratoga Associates, a well known firm of architects, engineers and
planners, will assist United Mobile Homes, Inc. in creating a unique and
customized community. The firm has a long and successful history working with
Upstate New York communities like Coxsackie to integrate new developments that
both enrich and enhance the character of the host community.
United Mobile Homes, Inc. is a publicly owned real estate investment trust
whose primary business is the ownership and operation of manufactured home
communities. The Company owns and operates 27 manufactured home communities
in New York, New Jersey, Pennsylvania, Ohio and Tennessee. In addition, the
Company owns a portfolio of REIT securities. United Mobile Homes, Inc. has
been in operation since 1968, operating as a public company since 1985.
SOURCE United Mobile Homes, Inc.
-0- 06/21/2005
/CONTACT: Rosemarie Faccone or Susan Jordan, United Mobile Homes,
+1-732-577-9997/
(UMH)
CO: United Mobile Homes, Inc.; Saratoga Associates
ST: New Jersey, New York
IN: RLT FIN CST
SU: RLE JVN
FB
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1614 06/21/200514:40 EDThttp://www.prnewswire.com