July 2, 2009 (FinancialWire) — The board of UMH Properties, Inc. (AMEX: UMH) (Current Market Cap: $90.20 Mil.) has renewed its approval of a share repurchase program that authorizes the company to purchase up to $10 million of the company’s common stock.

The board initially approved a share repurchase program on June 17, 2008. To date, no shares have been repurchased.

Shares of stock repurchased under the program will be held as treasury shares, according to UMH.

Freehold, New Jersey-based UMH Properties is a real estate investment trust that owns and operates twenty-eight manufactured home communities located in New Jersey, New York, Pennsylvania, Ohio and Tennessee.

The company also owns a portfolio of REIT securities.

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