FG Communities Expands Portfolio with Kerr Lake Acquisitions

CHARLOTTE, N.C., Sept. 25, 2026 /CourierPR/ -- FG Communities, a real estate holding company, has expanded its portfolio by acquiring two manufactured housing communities on Kerr Lake, which straddles the North Carolina-Virginia border. The two communities together total 87 homesites, adding to the company's growing portfolio of 99 communities owned.

Kerr Lake, one of the largest reservoirs in the Southeast, spans approximately 50,000 acres and 850 miles of shoreline across the two states. The lake has long been a popular destination for boating, fishing, and lakeside recreation, supporting a steady demand for housing in the surrounding towns. The North Carolina side of the lake sits along the I-85 corridor, about 50 miles north of Raleigh, providing residents with convenient access to jobs in the Research Triangle.

FG Communities, co-founded by Joe Moglia, Kyle Cerminara, and Michael Anise, is committed to improving quality of life and preserving affordable housing for its residents. The company currently owns a portfolio of 99 communities, with over 4,500 homesites either owned or under contract to be purchased. The acquisition of the two Kerr Lake communities further solidifies FG Communities' presence in the region and its dedication to providing affordable housing options.

The addition of these communities to FG Communities' portfolio is part of its ongoing strategy to expand its presence in stable, high-demand markets. With the growing number of homesites in its portfolio, FG Communities continues to play a significant role in the real estate market, particularly in the Southeastern United States.