FREEHOLD, N.J., May 16, 2017 /PRNewswire/ -- UMH Properties, Inc. (NYSE: UMH) announced today that it will be added as a constituent to the MSCI US REIT Index (RMZ), effective at the market close on May 31, 2017.
Samuel A. Landy, President and Chief Executive Officer, commented, "We are very pleased to now be represented in the MSCI US REIT Index. The manufactured housing sector has been one of the best performing real estate sectors over the long term. With UMH's inclusion, our sector is now fully represented in this most widely followed REIT index. We anticipate our inclusion to result in greater visibility for UMH and it should allow us to reach a broader pool of investors."
The RMZ is comprised of 158 companies with a combined market capitalization of over $800 billion and has been a leading REIT index since 1994.
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 106 manufactured home communities containing approximately 19,300 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. In addition, the Company owns a portfolio of REIT securities.
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SOURCE UMH Properties, Inc.