UMH Properties is a self-administered and self-managed qualified real estate investment trust (REIT). Co.'s primary business is the ownership and operation of manufactured home communities, which includes leasing manufactured home spaces on an annual or month-to-month basis to residential manufactured home owners. Co. also leases homes to residents, and through its wholly-owned REIT subsidiary, UMH Sales and Finance, Inc., sells and finances homes to residents and prospective residents of its communities. Co. also owns a portfolio of REIT securities. Co. owns and operates home communities located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.