On September 20, 2023, the Board of Directors of UMH Properties, Inc. (the ?Company?) approved changing the name of the Nominating and Corporate Governance Committee of the Board to the Nominating and Corporate Responsibility Committee and amending its charter to include the additional responsibility of developing and recommending to the Board environmental and social guidelines. The Board also approved the creation of an Environmental, Social and Corporate Governance (?ESG?) Subcommittee of the Nominating and Corporate Responsibility Committee and appointed Angela Pruitt-Marriott to serve as Chairperson of the Subcommittee and Amy Butewicz and Kiernan Conway as members of the Subcommittee. The Board approved a charter for the ESG Subcommittee.
UMH Properties, Inc. is a real estate investment trust (REIT). The Companyâs primary business is the ownership and operation of manufactured home communities, leasing manufactured homesites to residents. The Company also leases manufactured homes to residents and, through its wholly owned taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customersâ privately owned land. The Company owns and operates 135 manufactured home communities, including two communities acquired through the Companyâs opportunity zone fund, containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia. In connection with the operation of its communities, the Company also leases homes to prospective tenants.