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UMH Properties Says Current Inventory Sits At Approximately 700 Homes, Which Is Still Above Its Normal Levels

Author: Benzinga Newsdesk | July 05, 2023 04:19pm

During the quarter, approximately 400 rental homes in inventory were occupied making them income producing and 44 new homes were sold, creating additional site rent. This resulted in same property income growth year-over-year of approximately 8.6% and a 190-basis point improvement in occupancy.

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