FREEHOLD, N.J., Nov. 28 /PRNewswire-FirstCall/ -- United Mobile Homes,
Inc. (Amex: UMH) announced the acquisition on November 22, 2005, of 67 acres
of land in the City of Vineland, New Jersey, for a total purchase price of
approximately $1,900,000. With this purchase, UMH now owns 132 acres
adjoining its Fairview Manor Manufactured Home Community. UMH hopes to gain
approval to build a 400-space, 55+ and older manufactured home land leased
community.
Samuel A. Landy, President, stated, "We have a very good relationship with
the City of Vineland. Cumberland County and Vineland are growing rapidly, and
we hope to provide quality manufactured homes to residents 55+ and older."
United Mobile Homes, Inc. is a publicly-owned real estate investment trust
whose primary business is the ownership and operation of manufactured home
community. The Company owns and operates twenty-seven manufactured home
communities located in New York, New Jersey, Pennsylvania, Ohio and Tennessee.
In addition, the Company owns a portfolio of REIT securities. UMH has been in
operation since 1968, operating as a public company since 1985.
SOURCE United Mobile Homes, Inc.
-0- 11/28/2005
/CONTACT: Rosemarie Faccone or Susan Jordan, United Mobile Homes, Inc.,
+1-732-577-9997/
(UMH)
CO: United Mobile Homes, Inc.
ST: New Jersey
IN: RLT FIN
SU: RLE
PD
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8425 11/28/200514:13 ESThttp://www.prnewswire.com