FG Communities Holdings Makes First Direct MHC Purchases in North Carolina
In October 2026, FG Communities Holdings bought two North Carolina manufactured housing communities, in Garner and Mars Hill, its first properties owned directly.
Key facts
- FG Communities Holdings, formerly FG Nexus Inc., acquired communities in Garner and Mars Hill, North Carolina, in October 2026, with 49 and 29 homesites, for 78 homesites in total.
- During the third quarter, FG Communities Holdings put $10.0 million into FG Communities, Inc., a privately held manufactured housing company that is run separately.
- Cash and cash equivalents were $35.1 million and stockholders' equity was $55.3 million as of September 30, 2026.
- Third quarter revenue from continuing operations was $232,000, compared with $251,000 in the same period of 2025.
- In the nine months through September 30, 2026, the company bought back about $22.8 million of common stock and about $7.2 million of preferred stock.
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Read the original at Macau Business (opens in a new tab)
Source: FG Communities Holdings Announces Third Quarter 2026 Financial Results and Provides Update on Execution of Real Estate Strategy — Macau Business, November 11, 2026. Summary and commentary by RISE Community; read the full story at the source.
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