Key Takeaways UMH converted 188 homes to rentals in Q2, driving total rentals to 10,600 with 94.4% occupancy. Gross home sales rose 17% to $10.3M, marking a new quarterly record for UMH. Refinancing of 10 communities yielded$56M in excess proceeds for reinvestment.UMH Properties, Inc. (UMH) , a REIT focused on manufactured home communities, recently provided its second-quarter operating update, which reflected healthy performance, driven by rental home conversions, rising occupancy and higher rental inco ...