UMH Properties Sells $80.2 Million in Bonds in Israel
Deal News | Jul 23, 2025 | Paul Hastings
UMH Properties, Inc., a publicly traded U.S. Real Estate Investment Trust (REIT), has successfully sold approximately $80.2 million in 5.85% Series B Bonds due 2030 to investors in Israel. This marks UMH's second bond offering in the Israeli market and highlights the growing interest of U.S. REITs in international debt markets. Paul Hastings LLP served as the securities counsel for UMH Properties in this transaction, with a legal team that showcased deep expertise in securities and tax matters, including notable partners such as Scott Chase, Kerry Johnson, and Joseph Opich. Paul Hastings is distinguished by its elite practice teams and global execution capabilities, serving major investment entities and asset managers worldwide.
Sectors
- Real Estate Investment Trusts (REITs)
- Legal Services
- Financial Services
Geography
- United States – UMH Properties is a U.S.-based company and represents the origination point for the bond issuance.
- Israel – The bonds were issued to investors in Israel, highlighting the country's role as the target market for this financial transaction.
Industry
- Real Estate Investment Trusts (REITs) – UMH Properties operates as a REIT, engaging in real estate investments and operations, making this sector highly relevant to the transaction.
- Legal Services – Paul Hastings LLP provided legal services for the bond issuance, showcasing the importance of legal expertise in such transactions.
- Financial Services – The issuance and sale of bonds involve financial advisory and transactional services, classifying this activity under the financial services industry.
Financials
- 80.2 million – The total value of the Series B Bond issued by UMH Properties in Israel.
- 5.85% – Interest rate of the Series B Bonds issued by UMH Properties.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| UMH Properties, Inc. | Issuer | Company | A publicly traded U.S. REIT listed on NYSE and TASE, involved in the issuance of bonds in Israel. |
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm providing legal counsel to UMH Properties for the bond issuance. |
| Scott Chase | Partner | Person | A partner at Paul Hastings involved in advising UMH Properties on the bond issuance. |
| Kerry Johnson | Partner | Person | A partner at Paul Hastings involved in advising UMH Properties on the bond issuance. |
| Jeff Lowenthal | Senior Counsel | Person | A senior counsel at Paul Hastings with over ten years of advising UMH on securities matters. |
| Joseph Opich | Partner - Tax Matters | Person | Partner at Paul Hastings providing support on tax matters for the bond issuance. |
| Scott Ramsay | Partner | Person | A partner at Paul Hastings involved in the advisory team for the bond issuance. |
| Shai Marshall | Of Counsel | Person | Of Counsel at Paul Hastings involving in advising UMH Properties on the bond issuance. |
| Kim McKenzie | Associate | Person | Associate at Paul Hastings involved in the advisory team for the bond issuance. |
| Greg Drozdzal | Associate | Person | Associate at Paul Hastings involved in the advisory team for the bond issuance. |