The Broadway Company (TBC), a fully integrated real estate investment company focused on 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, marks another step in TBC's targeted expansion of the manufactured housing asset class in Alabama and other core markets nationally. The community is located about 25 miles east of downtown Birmingham, along the Interstate 20 corridor in St. Clair County, placing it within commuting distance of one of the Southeast's largest employment centers.
The acquisition matters because it reflects broader institutional interest in manufactured housing, a sector that has gained traction among investors for its affordability, steady demand, and resilience across economic cycles. Manufactured housing communities provide relatively low-cost housing options at a time when traditional single-family and multifamily rents have risen sharply in many U.S. markets. By adding Heathermoor Estates to its portfolio, TBC strengthens its position in a region experiencing population and job growth, while Parkstone Communities brings operational expertise from its portfolio of more than 30 manufactured housing communities across the country.
TBC, founded in 2011, has completed over 90 investments and manages its communities through Moon Street, its in-house property management arm. The company's leadership includes cofounders Tana E. Weissman and Jason S. Weissman, the latter of whom also founded Boston Realty Advisors, the largest independently owned commercial real estate brokerage in New England. For more information on TBC's platform, visit www.tbcre.com. The partnership with Parkstone, a Richmond, Virginia-based owner-operator founded by Sam Turner in 2015, combines TBC's investment capabilities with Parkstone's institutional-level property and asset management. Additional details about Parkstone are available at https://parkstonecommunities.com.
The deal also highlights the ongoing consolidation of manufactured housing communities, as smaller, family-owned properties are increasingly acquired by regional and national operators. For residents of Heathermoor Estates, the change in ownership may bring upgraded management and maintenance, though it also raises questions about long-term affordability and lot rent trends that have drawn scrutiny in the sector. For investors, the transaction underscores the appeal of manufactured housing as an alternative real estate asset class with strong fundamentals, particularly in markets like Birmingham's eastern suburbs where land and housing costs remain relatively moderate.
As TBC continues to pursue similar opportunities in Alabama and beyond, the Heathermoor Estates purchase signals that manufactured housing remains a key focus for the firm. The full announcement, including downloadable images and bios, can be viewed by clicking click here. The news was distributed by Reportable, Inc.
