FG Communities Holdings Inc. (Nasdaq: FGC) has closed on the acquisition of two manufactured housing communities in North Carolina, according to a Form 8-K filed with the SEC on October 15, 2026.
The first transaction, finalized on October 8, 2026, involved a property located at 5004 Lee Drive in Garner, NC. The acquired community includes 49 homesites situated on over 59 acres. The property is situated in the Raleigh metropolitan area, southeast of the city within the Research Triangle region. The seller was an unaffiliated third party, and the transaction was funded using cash on hand.
The second acquisition was completed on October 9, 2026, for a manufactured housing community located at 205 Big Brown Road in Mars Hill, NC. This property consists of 29 homesites on 19 acres. Like the Garner acquisition, the seller was an unaffiliated third party, and the purchase was also paid for using cash on hand.
FG Communities Holdings Inc. describes itself as a real estate focused operating company and merchant bank focused on the acquisition, ownership, and operation of land-lease affordable housing communities. The company states that it and its associated entities have a combined footprint of 102 communities with over 4,500 homesites.
