FG Communities Expands Its Presence in Affordable Housing
FG Communities is excited to announce its recent acquisition in a growing region that underscores its commitment to improving affordable housing. The company focuses on strategically acquiring and operating manufactured housing communities. This acquisition is part of its broader strategy to preserve and enhance the quality of living for its residents.
Granite Falls: A Promising Location
The newly acquired property is situated in Granite Falls, nestled in the scenic foothills of the Blue Ridge Mountains. This area boasts an expanding population and is ideally located between significant urban centers. With stable housing demand, Granite Falls is a desirable location for long-term investment, contributing to the community's growth.
Economic Stability and Regional Growth
This acquisition signifies FG Communities’ aim to strengthen its foothold in the Catawba Valley region, which holds historical significance for furniture manufacturing and textiles. Presently, the region enjoys a diversified economy bolstered by advanced manufacturing, healthcare, and educational sectors, making it a stable market ripe for investment.
Company Vision and Commitment
According to Kyle Cerminara, Chairman and Co-Founder, "This acquisition reflects our continued strategy of expanding in markets that align with our long-term vision. Granite Falls and the broader Catawba Valley region are examples of stable areas that contribute to building sustainable communities. We're excited about the opportunities that lie ahead as we invest in these regions."
About FG Communities
FG Communities is led by co-founders Joe Moglia, Kyle Cerminara, and Michael Anise. As a self-administered and self-managed real estate holding company, FG Communities has an expanding portfolio of properties, representing over 2,500 homesites either owned or soon to be acquired. The company is committed to improving quality of life and maintaining affordable housing options for various communities.
Contact Information
For inquiries, please reach out to Michael Anise, CEO, at ir@fgcommunities.com. Additional information about FG Communities can be found at fgcommunities.com.
Frequently Asked Questions
What is FG Communities' mission?
FG Communities is focused on preserving and enhancing affordable housing through the acquisition and management of manufactured housing communities.
Where is the new acquisition located?
The latest acquisition by FG Communities is located in Granite Falls, a growing area in the foothills of the Blue Ridge Mountains.
What strategies does FG Communities employ for growth?
FG Communities aims to expand within markets that align with their vision, focusing on regions with stability and growth potential.
Who are the founders of FG Communities?
The company was co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise, who lead its operations and strategic direction.
How many properties does FG Communities currently hold?
FG Communities manages a growing portfolio of 62 properties, encompassing over 2,500 homesites owned or pending acquisition.
