FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced the formation and initial funding of FG Communities, Inc. (“FG Communities”) in partnership with Fundamental Global®. This is the first project under FG Financial Group’s recently announced Merchant Banking division. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.
“I’m excited to be part of FG Communities and the FG Team. The demand for affordable housing continues to grow. Manufactured housing communities offer strong yields and the potential for capital appreciation while offering an affordable housing alternative for residents.”
—Michael Anise, CEO, FG Communities
FG Financial Group and Fundamental Global have both allocated capital to FG Communities.