UMH Properties, Nuveen Enter into Manufactured Housing JV

The deal is expected to “lead to a high-quality acquisition pipeline” amid growing demand.

By Paul Bergeron | December 10, 2021 at 07:05 AM

UMH Properties and Nuveen Real Estate have entered into a joint venture agreement to pursue greenfield development or acquisitions of new manufactured housing communities. It is launching with an initial capital commitment of $170 million

UMH will have a 40% stake in the JV and serve as the managing member and operating member.

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