ERLANGER, Ky. — Northern Kentucky-based Flagship Communities announced Tuesday that it acquired a manufactured housing community located in Morristown, Tenn., making it the company’s first Tennessee community. Flagship owns manufactured home communities in Kentucky, Ohio and Indiana, and now adds Tennessee to its 43-community portfolio.
The community, named Crestmore Pointe, has 162 home lots and is currently 94% occupied and encompasses 27 acres, complete with an office and laundry facilities.
“Crestmore Pointe is a wonderful community and Tennessee is the perfect next step for our organization,” said Flagship CEO Kurt Keeney. “This acquisition provides us with a high-quality homesites in a new market that is in line with our overall corporate growth goals. Our entry into Tennessee with its close proximity to Kentucky, will open up a new market while maintaining our high level of service to our customers.”
Crestmore Pointe is located 50 miles east of Knoxville along I-81, and is adjacent to Walmart, and near historic downtown Morristown. Other features nearby include Cherokee Dam and Park Campground and Marina, Crockett Tavern Museum and is situated one hour from the Great Smoky Mountains.
Flagship Communities operates 43 manufactured housing communities in Kentucky, Indiana, Ohio and Tennessee. Founded by college friends Keeney and Nathan Smith in 1994, the company was named to the Business Courier’s Fast 55 list of the region’s fastest growing companies in 2016, 2017 and once again in 2018, and has also been a semi-finalist two times for the Goering Center’s Family & Private Business Awards.
For more information, visit https://flagshipcommunities.com/.