Erez Asset Management Releases Fourth Installment of its "Right Horse, Wrong Jockey: The Case for Change at UMH Properties" Series
PR Newswire•12/11/2026•09:00 ET
0
Key Highlights
- ➤Erez owns approximately 5.5% of UMH Properties’ outstanding shares
- ➤UMH issued new equity to fund unnecessary dividends in each of the last 20 years
- ➤Erez plans to seek board change at UMH’s 2027 annual meeting
- ➤Participants may beneficially own 4,750,000 UMH common shares
Expert Statements
Bruce Schanzer, Founder, Chairman and Chief Investment Officer of Erez Asset Management
“Erez seeks to acquire meaningful stakes in REITs in which it believes it can work collaboratively with the management team and the board to help catalyze improved performance and share price appreciation by pursuing operational initiatives and strategic alternatives intended to benefit all stakeholders.”
Erez Asset Management Releases Fourth Installment of its "Right Horse, Wrong Jockey: The Case for Change at UMH Properties" Series PR Newswire
Exposes UMH's Practice Over the Last 20 Years of Selling Stock to Raise Cash to Pay Unnecessary Dividends, Diluting Shareholders and Destroying Value
Get started
Create a free account to read the full story.