FREEHOLD, N.J., March 30 /PRNewswire-FirstCall/ -- United Mobile Homes,
Inc. (Amex: UMH), a real estate investment trust (REIT), announced today that,
effective April 1, 2006, the Company's name will be changed to UMH Properties,
Inc. The Company's common stock will continue to trade under the symbol "UMH"
but under the new CUSIP number 903002103.
Samuel A. Landy, President, stated, "In order to better portray the
quality of the homes that now reside in our communities, we decided to change
our name. We've been in the manufactured housing industry for nearly four
decades. Our old name did a disservice to the high caliber manufactured homes
being built today."
The name change was unanimously approved by the Company's Board of
Directors and will become effective on April 1, 2006.
UMH Properties, 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 twenty-eight 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- 03/30/2006
/CONTACT: Rosemarie Faccone or Susan Jordan of United Mobile Homes,
+1-732-577-9997/
CO: United Mobile Homes, Inc.; UMH Properties, Inc.
ST: New Jersey
IN: RLT FIN
SU:
DP
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1624 03/30/200611:09 ESThttp://www.prnewswire.com