The Broadway Company, a real estate investment firm specializing in multi-family and manufactured housing, has acquired Heathermoor Estates, a 116-lot manufactured housing community in Moody, Alabama, in partnership with Parkstone Communities. The purchase, announced on October 13, 2026, expands The Broadway Company’s presence in Alabama and underscores its strategy of targeted growth in the manufactured housing sector.
Heathermoor Estates is located approximately 25 miles east of downtown Birmingham, along the Interstate 20 corridor in St. Clair County. The community’s proximity to a major metropolitan area and its position in a growing region make it an attractive addition to the company’s portfolio. The Broadway Company, founded in 2011, is a fully integrated real estate investment company with communities professionally managed by Moon Street, its in-house property management arm. The firm has completed over 90 investments and is led by co-founders Tana E. Weissman and Jason S. Weissman, who also founded Boston Realty Advisors, the largest independently owned commercial real estate brokerage in New England. For more information, visit www.tbcre.com.
The partnership with Parkstone Communities brings additional operational expertise to the acquisition. Parkstone, based in Richmond, Virginia, is a manufactured housing owner-operator founded by Sam Turner in 2015. The company has grown to a portfolio of more than 30 manufactured housing communities across the U.S., supported by a home-office team and field operators who provide institutional-level property and asset management. More details about Parkstone are available at https://parkstonecommunities.com.
The acquisition of Heathermoor Estates highlights the ongoing consolidation and institutional interest in manufactured housing, a sector that offers affordable housing options and stable returns. The Broadway Company’s continued pursuit of expansion in Alabama and other core markets nationally reflects confidence in the asset class’s resilience and growth potential. As housing demand remains strong, particularly in regions with limited supply, manufactured housing communities like Heathermoor Estates are positioned to benefit from favorable demographic and economic trends.
For the full announcement, including downloadable images and bios, click here. The transaction was distributed by Reportable, Inc.
