Monmouth Real Estate Investment Corp. and UMH Properties, Inc. Announce Expansion and Strategic Growth

Strategic Insights -

Monmouth Real Estate Investment Corp. (MREIC), a real estate investment trust (REIT), has expanded its portfolio by adding approximately $100,000,000 in net-leased industrial properties over the past three years. The company now owns 42 properties in 23 states, with over 4,600,000 square feet of space, anchored by top-tier tenants such as FedEx, Keebler/Kelloggs, and Caterpillar. In contrast, UMH Properties, Inc. (UMH), another REIT, focuses on manufactured home communities, with a portfolio of 28 communities housing approximately 6,500 home sites across New Jersey, New York, Ohio, Pennsylvania, and Tennessee.

Key Takeaways:

  • Monmouth Real Estate Investment Corp. (MREIC) has expanded its portfolio by adding approximately $100,000,000 in net-leased industrial properties over the past three years.
  • The company now owns 42 properties in 23 states, with over 4,600,000 square feet of space, anchored by top-tier tenants such as FedEx, Keebler/Kelloggs, and Caterpillar.
  • MREIC's tenant roster includes notable brands like Anheuser-Busch, Western Container, Mead Paper, and Sherwin-Williams.
  • UMH Properties, Inc. (UMH) owns 28 manufactured home communities, housing approximately 6,500 home sites, across New Jersey, New York, Ohio, Pennsylvania, and Tennessee.
  • UMH's portfolio includes an additional land inventory of over 500 acres for future development.
  • Both MREIC and UMH have been in successful operation since 1968, with a focus on providing high-quality real estate investment opportunities for investors.

Statistics:

  • Over the past three years, Monmouth Real Estate Investment Corp. added approximately $100,000,000 in net-leased industrial properties to its portfolio.
  • The company now owns 42 properties in 23 states, with over 4,600,000 square feet of space.
  • UMH Properties, Inc. owns a portfolio of 28 manufactured home communities, housing approximately 6,500 home sites.
  • UMH's land inventory includes over 500 acres for future development.

Sources:

  • Monmouth Real Estate Investment Corporation (MREIC) - http://www.mreic.com
  • UMH Properties, Inc. (UMH) - http://www.umh.com