FG Communities acquires 49-homesite property in North Carolina

FG Communities Holdings Inc., a real estate focused operating company, has acquired a manufactured housing community in Garner, North Carolina. The property, spanning over 59 acres, includes 49 homesites in the Raleigh metropolitan area, southeast of Raleigh in North Carolina’s Research Triangle region. This acquisition enhances FG Communities' portfolio of manufactured housing properties and aligns with the company's strategy of investing in income-producing properties in markets with clear demand for affordable housing.

Kyle Cerminara, Chairman and CEO of FG Communities Holdings Inc., confirmed that the acquisition is consistent with the company's strategy. The combined entities, FG Communities Holdings Inc. and FG Communities Inc., now own and operate 102 communities with over 4,500 homesites in the Southeastern United States. Financial details of the acquisition remain undisclosed.