FG Communities Expands Portfolio with Myrtle Beach Acquisition
Deal News | Jul 02, 2025 | Globenewswire
FG Communities, a real estate holding company with a focus on affordable manufactured housing, has announced its acquisition of a housing community in Myrtle Beach, SC. Myrtle Beach, known for its attractions and growing population, presents a valuable investment opportunity. The company's CEO, Michael Anise, highlights both the tourist appeal and the residential growth in the area as factors contributing to the acquisition. FG Communities, co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise, manages a portfolio of over 50 properties and seeks to enhance the quality of affordable housing across its communities.
Sectors
- Real Estate
- Affordable Housing
Geography
- United States – The acquisition takes place in Myrtle Beach, SC, making the United States the primary geography of interest.
Industry
- Real Estate – The article involves a real estate transaction with the acquisition of a manufactured housing community in Myrtle Beach.
- Affordable Housing – FG Communities is focused on preserving and improving affordable housing options, which is a central theme in the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FG Communities | Acquiring Company | Company | FG Communities is a real estate holding company focused on affordable manufactured housing options, co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise. |
| Michael Anise | CEO | Person | Michael Anise is the CEO of FG Communities and provided comments on the acquisition. |
| Joe Moglia | Co-Founder | Person | Joe Moglia is one of the co-founders of FG Communities. |
| Kyle Cerminara | Co-Founder | Person | Kyle Cerminara is one of the co-founders of FG Communities. |