The Broadway Company, a multi-family and manufactured housing investment firm, announced on October 13, 2026, the acquisition of Heathermoor Estates, a 116-lot manufactured housing community in Moody, Alabama. The purchase was made in partnership with Parkstone Communities, a manufactured housing owner-operator based in Richmond, Virginia. The deal underscores growing institutional interest in manufactured housing as a resilient and affordable real estate sector.
Heathermoor Estates is located about 25 miles east of downtown Birmingham, along the Interstate 20 corridor in St. Clair County. The community benefits from proximity to a major metropolitan area and transportation routes, making it attractive for residents seeking affordable housing options outside the city center. The acquisition aligns with The Broadway Company's strategy to expand its manufactured housing portfolio in Alabama and other core markets nationally. For full details, including downloadable images and bios, click here.
The Broadway Company, founded in 2011 and co-founded by Tana E. Weissman and Jason S. Weissman, is a fully integrated real estate investment company with over 90 completed investments. Its communities are professionally managed by Moon Street, its in-house property management arm. Jason Weissman also founded Boston Realty Advisors, the largest independently owned commercial real estate brokerage in New England. More information is available at www.tbcre.com.
Parkstone Communities, founded by Sam Turner in 2015, has grown to a portfolio of more than 30 manufactured housing communities across the U.S. The firm provides institutional-level property and asset management through its home-office team and field operators. Its website, https://parkstonecommunities.com/, offers additional details on its operations.
This acquisition matters because it highlights the ongoing consolidation and professionalization of the manufactured housing sector, which offers lower-cost housing solutions amid a national affordability crisis. For residents of Moody and the greater Birmingham area, the purchase may lead to improved community management and amenities. For investors, it signals confidence in the long-term performance of manufactured housing as an asset class. The Broadway Company's expansion in Alabama also suggests potential economic activity in the region, including property upgrades and local job support. As housing demand remains strong, such investments could serve as a model for further development in secondary markets. The partnership between The Broadway Company and Parkstone Communities combines operational expertise with capital, positioning Heathermoor Estates for sustained growth.
