Skip to main content

FG Communities Completes Acquisition of Two Communities in Asheville

Written by Customer Service on . Posted in Mergers And Acquisitions.

Acquisition brings Asheville portfolio to seven communities

CHARLOTTE, N.C., April 02, 2026 (GLOBE NEWSWIRE) — FG Communities, whose mission is to preserve and improve affordable housing by acquiring and operating manufactured housing communities, is excited to announce its most recent acquisition of two manufactured housing communities in Asheville, NC, totaling 45 homesites.

Nestled in the Blue Ridge Mountains, Asheville is one of the most distinctive and desirable cities in the Southeast. Known for its thriving arts and music culture, culinary scene, and unmatched access to hiking, rafting, and outdoor adventure, both communities are just minutes from the heart of downtown Asheville, putting residents close to everything the city has to offer.

With demand consistently outpacing new supply, Asheville has become one of the most housing-constrained markets in the Southeast.These two communities provide a stable, affordable place to call home in one of the region’s most sought-after markets.

Michael Anise, CEO of FG Communities, commented, “Asheville is a market we know well and believe in. The combination of strong population growth, a thriving local economy, and a chronic shortage of affordable housing makes it an ideal fit for our strategy. We are proud to expand our presence here and remain committed to providing residents with homes in a community they can be proud of.”

About FG Communities
FG Communities, co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise, is a self-administered, self-managed real estate holding company. The company has a growing portfolio of 82 properties with over 3,500 homesites either owned or pending acquisition. FG Communities works to improve the quality of life and maintain affordable housing options for its residents.

Contact:
Michael Anise, CEO
ir@fgcommunities.com
https://fgcommunities.com

Source:
FG Communities

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.