Media Contact:
Michelle Murray
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
mmurray@cahill.com

Legal News

Cahill Represents Underwriters in Preferred Stock Offering for UMH Properties

Date: 07/26/17

Cahill represented the underwriters, led by the joint book-running managers BMO Capital Markets Corp. and Stifel, Nicolaus & Company, Incorporated in connection with the public offering of 5,750,000 shares of 6.75% Series C Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, for UMH Properties, Inc. The offering included 750,000 shares that were sold pursuant to an over-allotment option granted to the underwriters.   Proceeds from the sale will be used to redeem UMH's outstanding Series A Preferred Stock and for general corporate purposes. 

UMH, a publicly-owned REIT, owns and operates manufactured home communities in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.  In addition, the Company owns a portfolio of REIT securities.

Media Contact:
Michelle Murray
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
mmurray@cahill.com