06/28/2022 | by

UMH Properties, Inc. (NYSE: UMH) rang the Opening Bell on the Tel Aviv Stock Exchange (TASE) on June 27 in celebration of the dual listing of its shares and bonds on the TASE in February.

UMH President and CEO Sam Landy said earlier this year that the listing will allow the REIT to widen its investor base and create additional liquidity, while also providing foreign investors access to an asset class with strong fundamentals.

Landy told Nareit that prior to a slew of presentations with dozens of Israeli investors over a roughly three-week period, there was little familiarity in that country with the manufactured housing asset class. He noted that “all foreigners, not just Israelis, would like to diversify into U.S. real estate,” and U.S. REITs have “a lot of appeal.” Attracting new investors to the space should be “very rewarding” for the company and shareholders. Landy said.

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