FG Communities, a leader in preserving and improving affordable housing, is thrilled to announce its latest strategic move: the acquisition of two new manufactured housing communities in the vibrant city of Asheville, North Carolina. This exciting development adds 45 homesites to their growing portfolio, bringing their total presence in Asheville to an impressive seven communities.
Asheville, nestled amidst the breathtaking Blue Ridge Mountains, stands out as one of the Southeast’s most distinctive and sought-after cities. Renowned for its dynamic arts and music scene, exceptional culinary experiences, and unparalleled access to outdoor adventures like hiking and rafting, these new communities offer residents an ideal lifestyle. Both properties are conveniently located just minutes from the heart of downtown Asheville, placing everything the city has to offer right at their fingertips.
The demand for housing in Asheville consistently outpaces new supply, making it one of the most housing-constrained markets in the Southeast. These two communities play a crucial role in providing stable, affordable homes in an increasingly competitive market. Michael Anise, CEO of FG Communities, shared his enthusiasm, stating, "Asheville is a market we know well and believe in deeply. The powerful combination of robust population growth, a thriving local economy, and a chronic shortage of affordable housing aligns perfectly with our strategic vision. We are incredibly proud to expand our presence here and remain unwavering in our commitment to providing residents with homes in a community they can truly be proud of."
FG Communities, co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise, is a self-administered and self-managed real estate holding company dedicated to its mission. With a rapidly expanding portfolio of 82 properties and over 3,500 homesites owned or pending acquisition, FG Communities continues its vital work of enhancing the quality of life for its residents while maintaining essential affordable housing options.
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