Curated News
By: NewsRamp Editorial Staff
October 13, 2026
Broadway Co. & Parkstone Buy 116-Lot Alabama MHC
TLDR
- The Broadway Company and Parkstone Communities expand their manufactured housing portfolio with a 116-lot acquisition in Moody, Alabama.
- The Broadway Company, with Parkstone Communities, purchased Heathermoor Estates, a 116-lot manufactured housing community in Moody, Alabama.
- The purchase of Heathermoor Estates by The Broadway Company and Parkstone Communities provides quality housing options in Moody, Alabama.
- Heathermoor Estates, a 116-lot manufactured housing community in Moody, Alabama, is now owned by The Broadway Company and Parkstone Communities.
Impact - Why it Matters
The acquisition of Heathermoor Estates signals continued consolidation and investment in the manufactured housing sector, which remains a critical source of affordable housing in the U.S. As institutional players like The Broadway Company and Parkstone Communities expand their portfolios, they bring professional management and capital that can improve community conditions and preserve long-term affordability. For residents of Moody, Alabama, and similar markets, such investments can mean better maintenance, amenities, and stability. Moreover, the deal underscores the attractiveness of manufactured housing as an asset class, particularly in regions like the Interstate 20 corridor, where demand for affordable homes is strong. This trend could lead to more options for homebuyers seeking cost-effective living solutions outside major urban centers.
Summary
The Broadway Company, a fully integrated real estate investment firm focused on multi-family and manufactured housing, has partnered with Parkstone Communities to acquire Heathermoor Estates, a 116-lot manufactured housing community in Moody, Alabama. The property is situated roughly 25 miles east of downtown Birmingham, along the Interstate 20 corridor in St. Clair County, placing it within a growing regional market. This acquisition marks another step in The Broadway Company's targeted expansion of the manufactured housing asset class in Alabama and other core markets nationwide. To view the full announcement, including downloadable images, bios, and more, click here. The deal highlights the company's ongoing commitment to growing its portfolio through strategic investments.
Founded in 2011, The Broadway Company (TBC) has completed over 90 investments and manages its communities through Moon Street, its in-house property management arm. Tana E. Weissman cofounded TBC with Jason S. Weissman, who also founded and leads Boston Realty Advisors (BRA), the largest independently owned commercial real estate brokerage in New England. Parkstone Communities, based in Richmond, Virginia, was founded by Sam Turner in 2015 and has grown to 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. Together, the two companies bring significant expertise to the Heathermoor Estates acquisition. For more information, visit www.tbcre.com and https://parkstonecommunities.com.
Source Statement
This curated news summary relied on content distributed by Reportable. Read the original source here, Broadway Co. & Parkstone Buy 116-Lot Alabama MHC
