UMH Properties, Inc. announced on November 1, 2024, the acquisition of a self-storage facility in Anderson, Indiana, which adjoins one of its existing communities. This new facility adds 246 self-storage units to the company's portfolio.
With this acquisition, UMH Properties now owns and operates more than 1,000 self-storage units. All of these units are strategically located either adjoining or in close proximity to a UMH community.
President and CEO Samuel A. Landy noted that adjoining self-storage facilities enhance customer service for residents and the surrounding area, benefiting residents, investors, and nearby communities. This expansion diversifies UMH's offerings and leverages its existing operational infrastructure.
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