Erez Asset Management

Campaign Materials

All materials published by Erez Asset Management concerning UMH Properties, Inc.

Presentations

Cover of Right Horse, Wrong Jockey: The Case for Change at UMH Properties (Part 4 - Raising Capital from New Investors and Using it to Pay Dividends to Existing Investors)

Presentation

November 12, 2026

Right Horse, Wrong Jockey: The Case for Change at UMH Properties (Part 4 - Raising Capital from New Investors and Using it to Pay Dividends to Existing Investors)

View Download PDF

Cover of Right Horse, Wrong Jockey: The Case for Change at UMH Properties (Part 3 - Family First, Shareholders Last: The Saga of Monmouth)

Presentation

October 29, 2026

Right Horse, Wrong Jockey: The Case for Change at UMH Properties (Part 3 - Family First, Shareholders Last: The Saga of Monmouth)

View Download PDF

Cover of Right Horse, Wrong Jockey: The Case for Change at UMH Properties (Part 2: UMH Management Bet Shareholder Capital on Long Shots and Destroyed Value)

Presentation

October 13, 2026

Right Horse, Wrong Jockey: The Case for Change at UMH Properties (Part 2: UMH Management Bet Shareholder Capital on Long Shots and Destroyed Value)

View Download PDF

Cover of Right Horse, Wrong Jockey: The Case for Change at UMH Properties (Part 1: 20 Years of Futility)

Presentation

September 28, 2026

Right Horse, Wrong Jockey: The Case for Change at UMH Properties (Part 1: 20 Years of Futility)

View Download PDF

Press Releases

Press Release

November 12, 2026

Erez Asset Management Releases Fourth Installment of its “Right Horse, Wrong Jockey: The Case for Change at UMH Properties” Series

Exposes UMH’s Practice Over the Last 20 Years of Selling Stock to Raise Cash to Pay Unnecessary Dividends, Diluting Shareholders and Destroying Value

View Download PDF

Press Release

May 21, 2026

Erez Asset Management Issues Open Letter to UMH Properties Shareholders Announcing Intention to "WITHHOLD" Support for Director Matthew Hirsch at the 2026 Annual Meeting

View Download PDF

Letters

Letter

July 13, 2026

Erez Letter to the Board: July 13, 2026

View Download PDF

Media Coverage

Bloomberg · Media Coverage

August 11, 2026

Activist Investor Erez Asset Pushes UMH REIT to Explore Sale

Read at source

Reuters · Media Coverage

May 20, 2026

Erez pushes for board shakeup at UMH Properties, letter shows

Read at source

Erez Asset Management LLC (“Erez Asset Management”), Erez REIT Opportunities LP (“Erez Opportunities”) and Bruce Schanzer (“Mr. Schanzer,” and together with Erez Asset Management and Erez Opportunities, the “Participants”) intend to seek board change and file a definitive proxy statement and accompanying form of proxy with the Securities and Exchange Commission (the “SEC”) to be used in conjunction with a solicitation of proxies from the shareholders of UMH Properties, Inc. (the “Company”) in connection with the Company’s 2027 annual meeting of shareholders. The Company’s shareholders are advised to read the definitive proxy statement and other documents related to the solicitation of proxies with respect to the Company by the Participants as they become available because they will contain important information. They will be made available at no charge on the SEC’s website, http://www.sec.gov/. As of the date hereof, the Participants may be deemed to beneficially own (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934), in the aggregate, 4,270,000 shares of the Company’s common stock, $0.10 par value per share (the “Common Shares”). Of the 4,270,000 Common Shares owned in the aggregate by the Participants, such Common Shares may be deemed to be beneficially owned as follows: (a) 4,270,000 Common Shares may be deemed to be beneficially owned by Erez Asset Management by virtue of its status as the investment manager of various funds and accounts; (b) 3,451,421 Common Shares may be deemed to be beneficially owned by Erez Opportunities which directly holds such Common Shares; and (b) 4,270,000 Common Shares may be deemed to be beneficially owned by Mr. Schanzer by virtue of his status as the Chairman, Chief Investment Officer and sole member of Erez Asset Management.