FG Communities Expands North Carolina Footprint with Waynesville Mobile Home Acquisition — FG Communities, Inc.

Event summary

FG Communities acquired a mobile home community in Waynesville, NC, on June 18, 2026.
The acquisition adds to FG Communities' portfolio of 87 properties with over 4,000 homesites.
Waynesville is a growing destination for retirees and outdoor enthusiasts near Asheville.
FG Communities was co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise.

The big picture

FG Communities' acquisition in Waynesville aligns with broader trends in affordable housing, particularly in regions experiencing demographic shifts. The company's self-administered, self-managed model positions it to capitalize on growing demand for quality, affordable housing in desirable locations. With a portfolio of 87 properties, FG Communities is expanding its footprint in markets with strong quality-of-life attributes, potentially setting a precedent for similar acquisitions in the manufactured housing sector.

What we're watching

Market Demand: How sustained demand for affordable housing in Western North Carolina will impact FG Communities' growth strategy.
Portfolio Expansion: Whether FG Communities can maintain its acquisition pace while improving operational efficiency across its growing portfolio.
Regional Dynamics: The pace at which Waynesville and similar markets attract retirees and outdoor enthusiasts, influencing future acquisition targets.