UMH Properties Expands Credit Facility, Strengthens Finances

Umh Properties (UMH) has shared an announcement.

UMH Properties, Inc. has significantly increased its financial flexibility by expanding its unsecured revolving credit facility from $180 million to $260 million. This enhancement of the credit line was facilitated through a syndication with major banks, including BMO Capital MarketsCorp., JPMorgan Chase Bank, and Wells Fargo Bank, who served as joint arrangers and book runners. The move, aimed at bolstering UMH’s financial position, was publicly announced in a recent press release.

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