STOCK PURCHASE AGREEMENTStock Purchase Agreement • September 21st, 2007 • Umh Properties, Inc. • Real estate investment trusts • New Jersey
THIS STOCK PURCHASE AGREEMENT (this "Agreement") dated this 14th day of September, 2007, by and among Palisade Concentrated Equity Partnership, L.P., a Delaware limited partnership with principal offices at One Bridge Plaza, Suite 695, Fort Lee, New Jersey 07024 ("Seller"), UMH Properties, Inc., a Maryland corporation and a corporation registered under the Investment Company Act of 1940, as amended, with principal offices located at 3499 Route 9 North, Suite 3-C, Juniper Business Plaza, Freehold, New Jersey 07728 ("Buyer") and Monmouth Real Estate Investment Corp., a Maryland corporation , with principal offices located at 3499 Route 9 North, Suite 3-C, Juniper Business Plaza, Freehold, New Jersey 07728 ("MREIC").
