FG Communities Expands Its Horizons with New Acquisition
FG Communities, dedicated to the mission of improving and preserving affordable housing through the acquisition and operation of manufactured housing communities, is thrilled to share details about its latest acquisition. This new addition is strategically located in Candler, where the company has already established a significant presence.
Details of the Candler Acquisition
The recent acquisition comprises 51 homesites spread over more than 8 acres, representing FG Communities' third successful venture in the Candler area. This community is conveniently located near the vibrant Asheville downtown, which is renowned for its cultural attractions, including art museums and live music venues. Residents will find that essential amenities are only a short drive away, offering a perfect blend of rural charm and urban convenience.
Why Candler?
Candler is situated just 10 miles from Asheville and is easily accessible to points of interest like the breathtaking Blue Ridge Parkway. This scenic highway is known for its stunning vistas and hiking opportunities, which enhance the appeal of living in this community. The area's natural beauty and recreational options make it an ideal location for families and individuals seeking affordable housing in a growing region.
Market Growth and Community Impact
In recent years, the greater Asheville area, including Candler, has seen a remarkable population increase. This growth presents a steady rise in real estate values, making it essential for communities like those developed by FG Communities to offer affordable housing solutions. The company's focus on enhancing the quality of life for residents aligns perfectly with this upward trend.
Leadership Insights
Michael Anise, CEO of FG Communities, expressed optimism about the new community, stating, "We are pleased to add another community in Candler, an area we expect will continue to experience strong long-term growth. Having multiple communities nearby also allows us to enhance operational efficiency across our portfolio." His vision underlines the commitment of FG Communities to not only expand its portfolio but also to improve operational performance, ultimately benefiting residents.
About FG Communities
FG Communities, co-founded by visionaries Joe Moglia, Kyle Cerminara, and Michael Anise, operates as a self-administered and self-managed real estate holding entity. With a rapidly growing portfolio that includes 61 properties and more than 2,500 homesites, the company is dedicated to maintaining affordable housing options while prioritizing the welfare and quality of life of its residents. This commitment to community and residence is evident in every aspect of their operations.
Contact Information
For more information or inquiries, please reach out to:
Michael Anise, CEO
Email: ir@fgcommunities.com
Website: fgcommunities.com
Frequently Asked Questions
What is the purpose of the recent acquisition by FG Communities?
FG Communities aims to enhance its portfolio and provide affordable housing options in the growing Candler area.
How many homesites does the new community in Candler have?
The newly acquired community includes 51 homesites situated on over 8 acres.
What advantages does Candler offer for residents?
Candler provides access to nearby Asheville, known for its vibrant culture and outdoor attractions, making it an appealing place for families.
Who are the founders of FG Communities?
FG Communities was co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise, who bring extensive experience in real estate management.
How does FG Communities ensure affordable housing?
The company focuses on acquiring manufactured housing communities, allowing them to maintain reasonable prices for their residents while improving living conditions.
