Downey apartments fetch $40M in latest multifamily investor vote of confidence
BAG Investments→Parc @ 5 Apartments
May 12, 2026

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FG Communities has completed the acquisition of Community in Hendersonville, a property management business in North Carolina. FG Communities acquires Community in Hendersonville to expand its manufactured housing community operations and improve resident affordability in Hendersonville, NC. The property management acquisition supports real estate services M&A activity by adding homesites near downtown access and I-26, strengthening the Western North Carolina footprint. The add on acquisition is part of FG Communities acquisitions pursued by a private equity acquisition strategy, with deal size undisclosed and status closed.
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