05:01 PM EDT, 07/22/2025 (MT Newswires) -- UMH Properties ( UMH ) said late Tuesday it closed the sale of almost $80.2 million of its 5.85% series B bonds due 2030 to investors in Israel.

The company said it will use the net proceeds for working capital and general corporate purposes.

Although the bonds are denominated in Israeli shekels, the principal and interest will be linked to the US dollar, the company said.