FG Communities

What FG Communities does

FG Communities, Inc. is a private real estate investment company founded in July 2022 that acquires, owns, and operates manufactured housing communities (mobile home parks) across the Southeastern United States, with a portfolio of 87 properties and more than 4,000 homesites across North Carolina, South Carolina, and Virginia as of June 2026. The company was formed and initially funded by FG Financial Group, Inc. (Nasdaq: FGF) as the first project under its Merchant Banking division, in partnership with Fundamental Global, a private investment firm co-founded by Kyle Cerminara, who also serves as FG Communities' Chairman. FG Communities ranks as the 75th largest manufactured housing community owner in the United States per the Mobile Home Park Home Owners Allegiance (October 2025 ranking).

The company pursues an acquisition-driven roll-up strategy, targeting properties in markets with favorable demographic and migration trends such as Western North Carolina, the Charlotte region, the Research Triangle corridor, coastal Carolina, the Greenville–Spartanburg corridor, and the Myrtle Beach and Charleston metros. Resident segments span retirees and active adults, remote workers, young families priced out of conventional housing, and military families near installations such as Marine Corps Base Camp Lejeune. Technology infrastructure is intentionally lean: property management and lease administration run on RentManager, tenant search on Tenant Turner, and resident communications are supplemented by an SMS notification program — none of which are proprietary.

FG Communities generates revenue by leasing individual homesites to residents on a recurring rental basis; pricing is not publicly disclosed. The company is self-administered and self-managed, distinguishing itself from conventional manufactured housing operators through an explicit stated mission to preserve and improve existing affordable communities rather than redevelop them, supported by an experienced leadership team combining institutional investment, accounting, and operational expertise. FG Nexus, Inc. (Nasdaq: FGNX), a special purpose acquisition company chaired and led by Cerminara, formed a Special Committee of independent directors in May 2026 to evaluate a potential business combination with FG Communities.

Name

FG Communities

Legal name

FG Communities Inc.

Website

https://fgcommunities.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

FG Communities is a private real estate company that acquires and operates manufactured housing communities across North Carolina, South Carolina, and Virginia, owning 87 properties with 4,000+ homesites as of mid-2026. It serves retirees, families, and workers seeking affordable housing through recurring homesite rentals.

Ownership category

akta.pro rank

Product category

Manufactured Housing Communities

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Manufactured Housing / Mobile Home Park Management (BPAJAFAG)

Keywords

• Manufactured housing communities
• Affordable housing rentals
• Mobile home parks
• Homesite rental management
• Residential real estate investment

Headquarters

HQ city

Mooresville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Homesite Rental Income: Revenue generated from rental of manufactured housing homesites to residents. Company owns and operates manufactured housing communities, collecting recurring rental payments while providing property management, community maintenance, and operational improvements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

FG Communities acquires, owns, and professionally operates a portfolio of 87 affordable manufactured housing communities with more than 4,000 homesites across the Southeastern United States, renting homesite lots to individual residents and providing on-site property management, community upkeep, and resident services. The company also operates a Sell Your Property acquisition program and an Investor Relations platform to source new communities and capital.

Product overview

FG Communities operates as a manufactured housing community owner and operator across the Southeastern United States. The company's core offerings include a portfolio of manufactured housing communities (mobile home parks) providing affordable homesites. The product ecosystem consists of the Resident Portal for property management and tenant services, a Find Your Home search platform for prospective residents, Investor Relations services for investment opportunities, and a Sell Your Property service for community owners. The company also offers an SMS Messaging Service as a communication module for residents. FG Communities focuses on preserving and improving affordable housing through professional management and operational improvements.

Differentiator

Problem solved

Functional benefit

Products and services

• Manufactured Housing Community Portfolio (Homesite Rentals)
• Resident Portal
• Find Your Home
• Sell Your Property (Community Acquisition Service)
• Investor Relations Program
• Resident SMS Messaging Service

Quantifiable outcome

• Portfolio expanded from ~27 properties (late 2023) to 87 properties (2026)
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Two partnerships are on record, tiered potential and supporting.

• FG Nexus Inc. (Nasdaq: FGNX)potentialStrategic or Co-development Partner · 4 May 2026FG Nexus, a special purpose acquisition company, formed a Special Committee to evaluate a potential business combination with FG Communities. The proposed transaction is classified as a related party deal because FG Communities was founded by FG Nexus's Chairman and CEO Kyle Cerminara. Discussions remain preliminary with independent financial advisor retained.
• Resident Portal PlatformsupportingTechnology or IntegrationTechnology partnership providing resident portal functionality for property management, lease administration, and resident communications through an integrated software platform.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Yes! Communities: Yes! Communities is a privately held owner-operator of manufactured housing communities across multiple U.S. states. Closely comparable private-market roll-up acquirer competing with FG Communities for MHC portfolios, with a similar acquisition-and-improvement playbook.
• Flagship Communities: Flagship Communities is a publicly traded REIT focused on owning and operating manufactured housing communities, primarily in the Midwest and Southeast U.S. Direct peer in business model (acquire, improve, rent MHC homesites), with overlapping Southeastern footprint to FG Communities.
• UMH Properties: UMH Properties is a publicly traded REIT focused on acquiring and operating manufactured housing communities, with a strong concentration in the Northeast and Mid-Atlantic. Closely comparable direct peer to FG Communities in MHC acquisition, ownership, and rental operating model.
• Hometown America: Hometown America is a private owner-operator of manufactured housing communities, focused on affordable housing and lifestyle MHCs. Direct peer in business model and resident value proposition (affordable, community-oriented MHC ownership).

Regional players

• NewLake Capital Partners: NewLake Capital Partners is a real estate investment trust focused on triple-net lease cannabis properties. While not a direct MHC competitor, it is a small-cap public REIT sponsor with a comparable profile to a future FG Nexus-listed FG Communities as a publicly traded real estate holding company.

Broad incumbents

• Equity LifeStyle Properties: ELS is a publicly traded REIT owning and operating manufactured housing communities and RV resorts across the U.S. It is a broad incumbent with overlapping resident base and rental model to FG Communities, but at significantly larger scale and broader geography.
• Sun Communities: Sun Communities is the largest publicly traded manufactured housing community REIT in the U.S. with hundreds of communities nationwide. It is a broad incumbent comparable to FG Communities' MHC owner-operator model, though at vastly greater scale and geographic diversification.

Others

• RPT Realty: RPT Realty is a publicly traded REIT focused on open-air shopping centers. Thematically adjacent as a small-cap public real estate investment vehicle; included as an analog for FG Communities' potential path to public REIT status rather than as an MHC operator.
• Mobile Home Park Home Owners Allegiance (MHPOA) member operators: MHPOA is the trade association that ranked FG Communities the 75th largest U.S. MHC owner; the broader MHPOA membership represents hundreds of small and mid-sized private MHC operators who collectively compete with FG Communities in acquisition markets.
• Fundamental Global (FG) ecosystem affiliates: Fundamental Global and its affiliated entities (FG Financial Group, FG Nexus) co-founded and capitalized FG Communities. They are ecosystem enablers rather than competitors, but their governance and capital decisions shape FG Communities' strategic and capital-markets trajectory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fg-communities

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FG Communities