X0202 SCHEDULE 13D/A 0000902664-26-003374 0002014584 XXXXXXXX LIVE 1 Common Stock, $0.10 par value per share 09/28/2026 false 0000752642 903002103 UMH Properties, Inc.

Juniper Business Plaza 3499 Route 9 North, Suite 3-C Freehold NJ 07728

Erez Asset Maanagement LLC (917) 455-9764 270 North Avenue, Suite 404 New Rochelle NY 10804 0002014584 N Erez REIT Opportunities LP WC N DE 0.00 3451421.00 0.00 3451421.00 3451421.00 N 4.0 PN Y Erez Asset Management LLC AF N DE 0.00 4270000.00 0.00 4270000.00 4270000.00 N 5.0 IA OO 0001522587 N Bruce Schanzer AF N X1 0.00 4270000.00 0.00 4270000.00 4270000.00 N 5.0 IA OO Common Stock, $0.10 par value per share UMH Properties, Inc. Juniper Business Plaza 3499 Route 9 North, Suite 3-C Freehold NJ 07728 This Amendment No. 1 ("Amendment No. 1") amends the statement on Schedule 13D filed with the SEC on August 11, 2026 (as amended from time to time, the "Schedule 13D") with respect to the shares of Common Stock of the Issuer held for the account of the Erez Funds. This Amendment No. 1 amends Items 4 and 7 as set forth below. Capitalized terms used herein and not otherwise defined in this Amendment No. 1 have the meanings set forth in the Schedule 13D. On September 28, 2026, Erez Asset Management launched a campaign website located at www.saveUMH.com and issued a presentation (the "September 28 Presentation") outlining its "case for change" at the Issuer and disclosing that it intends to seek Board change and solicit shareholders in support of such change at the Issuer's upcoming annual meeting. The foregoing description of the September 28 Presentation does not purport to be complete and is qualified in its entirety by reference to the full text of the September 28 Presentation, attached hereto as Exhibit 99.1, and is incorporated herein by reference. Exhibit 99.1 - September 28 Presentation, incorporated herein by reference to Exhibit 1 to the Reporting Persons' definitive additional materials on DFAN14A filed on September 29, 2026. Erez REIT Opportunities LP /s/ Bruce Schanzer 09/29/2026 Erez Asset Management LLC /s/ Bruce Schanzer 09/29/2026 Bruce Schanzer /s/ Bruce Schanzer 09/29/2026