FG Communities Enhances Growth through Morganton Acquisition
FG Communities Expands with New Acquisition
FG Communities, a company dedicated to enhancing affordable housing, has proudly announced a new addition to its portfolio. The recent acquisition involves a manufactured housing community in Morganton, presenting an opportunity to better serve residents in need of affordable housing options.
Details on the Morganton Community
This new community features 40 homesites spread across approximately 12 acres, strategically positioned to benefit from the area's growth. With the increasing number of businesses and amenities in Morganton's downtown area, the community is poised to foster a vibrant living environment, attracting families and individuals alike.
Access to Local Amenities
Residents of this community can take advantage of a rejuvenated downtown, complete with new restaurants, shops, and recreational opportunities. The proximity to outdoor activities such as hiking and watersports on nearby Lake James adds to the allure, providing a range of leisure options within a short drive. These aspects make living in Morganton not only convenient but also enjoyable.
The Growing Demand for Affordable Housing
The need for affordable housing in Morganton and its surrounding region is on the rise. As more people seek to establish their roots in this flourishing area, FG Communities aims to address this demand head-on by offering affordable living solutions through its manufactured housing community.
CEO's Insights on Future Growth
CEO Michael Anise has expressed optimism regarding the community's potential. According to him, "We like the long-term growth prospects of Morganton and the surrounding region. This community will continue to benefit from this growth, enhancing our footprint and operational efficiencies." This vision reflects FG Communities' commitment to sustainability and community well-being.
About FG Communities
Co-founded by industry leaders Joe Moglia, Kyle Cerminara, and Michael Anise, FG Communities is a self-managed real estate holding company focused on the acquisition and operation of manufactured housing communities. Currently, the company boasts a diverse portfolio of 52 properties and over 2,500 homesites, either owned or pending acquisition.
Improving Resident Quality of Life
FG Communities prides itself on improving the quality of life for its residents while maintaining affordable options. The company is dedicated to enhancing living conditions, creating a supportive community environment, and ensuring that residents can thrive in their living spaces.
Contact Information
For more information about FG Communities and their initiatives, interested parties can reach out to:
Michael Anise, CEO
Email: ir@fgcommunities.com
Website: fgcommunities.com
Frequently Asked Questions
What is the significance of FG Communities' recent acquisition?
The acquisition enhances FG Communities' portfolio focused on providing affordable housing options in a growing region.
What amenities are available in the Morganton area?
Morganton offers a variety of amenities, including new restaurants and recreational activities at Lake James.
How many homesites are in the Morganton community?
The community features 40 homesites spread across approximately 12 acres.
Who are the founders of FG Communities?
FG Communities was co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise.
How does FG Communities support its residents?
FG Communities is focused on improving the quality of life for residents by maintaining affordable housing and enhancing community living conditions.
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