Erez Asks UMH Properties Shareholders to Withhold Votes From Lead Director
Erez Asset Management, holder of about 4% of UMH Properties, urged shareholders to withhold votes from lead director Matthew Hirsch at the annual meeting.
Key facts
- Erez Asset Management owns about 4% of UMH Properties shares and asked shareholders to withhold votes from Presiding Independent Director Matthew Hirsch.
- Nearly 40% of votes withheld support from Hirsch in 2023, according to Erez, and he has served on the board since 2013.
- Reuters reported that UMH stock fell 10% over the past year and that the REIT has a market valuation of $1.3B.
- Sun Communities and Equity Lifestyle Properties have valuations of $15.2B and $12.2B, respectively.
- UMH runs 145 manufactured home communities in 12 states, plus more than 1,000 self-storage units and 10,800 rental homes.
- At the May 27 annual meeting Hirsch was re-elected, with about 41% of votes cast withheld (28.5 million withheld vs 41.2 million for), per UMH's 8-K filing.
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Read the original at Bisnow (opens in a new tab)
Source: Erez Pushes For Board Shake-Up At UMH Properties — Bisnow, May 21, 2026. Summary and commentary by RISE Community; read the full story at the source.
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