FG Communities Acquires Manufactured Housing Community in Burlington, North Carolina
July 16 2024 - 6:29PM
FG Communities, whose mission is to preserve and improve
affordable housing by acquiring and operating manufactured housing
communities, is excited to announce the acquisition of a
manufactured housing community in Burlington, North Carolina.
Located within minutes of downtown Burlington, the community
contains approximately 34 homesites, including 6 single-family
homes, on over 16 acres.
Burlington is located along a busy corridor of Interstate 85 in
the central part of the state. Places that can be reached in under
an hour by car from the Burlington manufactured housing community:
Greensboro, Winston-Salem, Chapel Hill, Durham, and Raleigh. The
Raleigh-Durham-Chapel Hill area of North Carolina is known as the
Research Triangle, an area that has experienced outpaced economic
growth versus the rest of the U.S.
Burlington, like many popular areas in North Carolina, has seen
a significant increase in housing prices over the last several
years. The Burlington manufactured housing community provides an
affordable option for our residents.
Michael Anise, CEO of FG Communities, commented, “We’ve already
acquired several manufactured housing communities in the area and
this acquisition further solidifies our presence. The Burlington
community is an attractive addition to our portfolio. The property
is located along a busy corridor of Interstate 85, near the
Research Triangle. We believe this area will continue to see
outpaced growth over the long-term.”
About FGÒ
CommunitiesFG 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 over 30 manufactured housing communities with over 900
homesites either owned or pending acquisition. FG Communities works
to improve the quality of life and maintain affordable housing
options for its residents.
Source: FG Communities
Michael Anise, CEO
ir@fgcommunities.com
https://fgcommunities.com