Flagship Communities Real Estate Investment Trust Wins the Kentucky Manufactured Housing Institute’s Highest Award for the Fourth Consecutive Year
Globenewswire·2025-06-19 20:42

Core Viewpoint - Flagship Communities Real Estate Investment Trust's Derby Hills Pointe community has been awarded the 2025 Community of the Year by the Kentucky Manufactured Housing Institute, marking the fourth consecutive year the company has received this honor, reflecting its commitment to building high-quality residential communities [1][2]. Company Overview - Flagship Communities Real Estate Investment Trust operates affordable residential Manufactured Housing Communities primarily aimed at working families seeking affordable home ownership [3]. - The REIT owns and manages residential living experiences across several states, including Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois [3]. Community Development - Flagship acquired the 170-lot Derby Hills Pointe in 2015 and has since made significant improvements, including infrastructure upgrades and community amenities such as a new clubhouse, solar street lighting, a playground, basketball courts, and a dog park [2]. - The community also features a resident-driven food pantry, partnerships with local churches for back-to-school programs, and organizes annual events like Halloween parties and Thanksgiving meal donations [2]. Leadership Statements - The recognition of Derby Hills Pointe as Community of the Year is seen as a testament to the company's commitment to creating affordable, family-friendly communities that foster pride and connection among residents [2]. - The Chief Investment Officer emphasized the goal of not just providing housing but building supportive communities where families can thrive [3].