FG Communities Completes Acquisition of Statesville Manufactured Housing
Deal News | May 07, 2025 | Globenewswire
FG Communities, a real estate holding company committed to preserving affordable housing, has successfully acquired a manufactured housing community in Statesville, North Carolina. This acquisition is part of the company's ongoing efforts to capitalize on the rapid growth in the Charlotte region, particularly in the Lake Norman area, which has seen sharp increases in population and real estate prices. FG Communities, co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise, operates 45 manufactured housing communities, emphasizing improved quality of life and affordability. Michael Anise, CEO, highlighted the strategic value of this latest acquisition amid Charlotte's expansion as a major financial center.
Sectors
- Real Estate
- Affordable Housing
Geography
- United States – The article discusses a transaction taking place in Statesville, North Carolina, and relates to the real estate and housing sectors in the U.S.
- North Carolina – The specific location of the acquired community is Statesville, which is in North Carolina, thus focusing the geographical context.
Industry
- Real Estate – The acquisition of a manufactured housing community is a real estate transaction, highlighting the company's focus on property acquisition and management.
- Affordable Housing – FG Communities' mission centers on preserving and improving affordable housing options, aligning with their community acquisition strategy.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FG Communities | Acquirer | Company | A real estate holding company focused on affordable manufactured housing communities. |
| Michael Anise | CEO | Person | CEO of FG Communities, involved in the company's strategic direction. |
| Joe Moglia | Co-founder | Person | Co-founder of FG Communities with a background in leadership and strategy. |
| Kyle Cerminara | Co-founder | Person | Co-founder of FG Communities, playing a role in the establishment and growth of the company. |