FREEHOLD, N.J., March 13 /PRNewswire-FirstCall/ -- United Mobile Homes,
Inc. (Amex: UMH) announced the acquisition on March 10, 2006, of Weatherly
Estates I, a 271-space manufactured home community in Lebanon, Tennessee, for
a total purchase price of approximately $5,200,000. With this purchase, UMH
now owns 28 manufactured home communities consisting of approximately 6,400
sites.
Samuel A. Landy, President, stated, "The operation of Weatherly Estates I
will fit in nicely with our existing Tennessee communities. This well-located
family community near Nashville is a welcome addition to our portfolio."
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 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- 03/13/2006
/CONTACT: Rosemarie Faccone or Susan Jordan, both of United Mobile Homes,
Inc., +1-732-577-9997/
CO: United Mobile Homes, Inc.; Weatherly Estates
ST: New Jersey, Tennessee
IN: RLT FIN
SU: RLE
MZ
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1653 03/13/200610:12 ESThttp://www.prnewswire.com