UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF T.C. SHEPPARD
August 08 2024 - 4:32PM
UMH Properties, Inc. (NYSE: UMH) is proud to promote T.C. Sheppard
to Senior Vice President of Sales and Consumer Finance.
Samuel A. Landy, President and Chief Executive
Officer, commented, “T.C. has excelled in his prior role of Vice
President of Consumer Finance. Since his last promotion in 2020,
sales have increased from $20.3 million in 2020 to $31.2 million in
2023, or an increase of 54%. Additionally, our notes receivable
portfolio has increased from $44.3 million at year end 2020 to
$83.3 million as of Q2 2024, representing an increase of 88%. He
has done an excellent job working with our community managers and
customers to obtain financing and ultimately close home sales. Our
sales and finance operation has grown over the years and should
continue to grow as demand for sales at our communities increases.
We are proud to promote T.C. Sheppard to Senior Vice President of
Sales and Consumer Finance.”
UMH Properties, Inc., which was organized in
1968, is a public equity REIT that owns and operates 136
manufactured home communities containing approximately 25,800
developed homesites. These communities are located in New Jersey,
New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland,
Michigan, Alabama, South Carolina and Georgia. UMH also has an
ownership interest in and operates two communities in Florida,
containing 363 sites, through its joint venture with Nuveen Real
Estate.
Contact: Nelli
Madden732-577-9997
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