Cahill Represents Underwriters in Preferred Stock Offering for UMH Properties
Cahill represented the underwriters in connection with a primary offering of 2,000,000 shares of 6.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, for UMH Properties, Inc. The offering included 300,000 shares that were sold pursuant to an over-allotment option granted to the underwriters. Proceeds from the sale will be used 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.