In sharing the latest updates on our mission to preserve and improve affordable housing by acquiring and operating manufactured housing communities, we’re excited to highlight our most recent acquisition at Poplar Terrace in Asheville, North Carolina. Located in the picturesque Blue Ridge Mountains, Asheville’s vibrant cultural scene provides an ideal backdrop for our commitment to affordable housing. This expansion has added 24 new homesites to our portfolio, propelling us further toward our goal of overseeing thousands of affordable homesites in the Southeastern United States.
Incorporating Asheville, North Carolina into our portfolio has enhanced our financial position and highlighted our adeptness in identifying industry opportunities. This strategic addition in Asheville joins a string of successful transactions in locations like Charlotte, Winston-Salem, Burlington, Graham, and Denver, reinforcing our position as a leader in the industry. Our forward-looking approach maintains a strong pipeline of new community acquisitions with favorable cap rates and substantial cash flow potential.
Stay updated on our latest developments and initiatives by connecting with Michael Anise on LinkedIn here or on FG Communities’ LinkedIn.
About FG® Communities
FG Communities is a self-administered, self-managed real estate investment company. The company has a growing portfolio of 27 manufactured housing communities with approximately 693 home sites, which are owned or under contract to be acquired. FG Communities works to improve the quality of life and maintain affordable housing options for its residents.