Erez Asset Management Withholds Support for UMH Board Member
UMH Properties shareholder Erez Asset Management, which owns approximately 4% of the outstanding shares of UMH Properties, issued a letter to fellow shareholders announcing its intention to withhold support from Presiding Independent Director Matthew Hirsch at UMH's 2026 Annual Meeting of Shareholders scheduled to be held on May 27. In the letter, Erez notes that Institutional Shareholder Services, or ISS, has recommended that shareholders withhold votes from Hirsch in 2026, as it did each of the last three times he stood for election. "UMH owns valuable assets in one of the most attractive real estate sectors, but shareholders have endured persistent underperformance because an entrenched and conflicted Board of Directors has refused to hold management accountable," said Bruce Schanzer, Chairman and Chief Investment Officer of Erez. "By withholding support from Matthew Hirsch, shareholders can send a clear message to the UMH Board that the status quo is no longer acceptable."