The Broadway Company Expands Portfolio with Highlander Hills Acquisition
The Broadway Company (TBC), a leading player in the multi-family and manufactured housing market, has made a significant step forward by acquiring the Highlander Hills manufactured housing community located in Oxford, New Jersey. This community, which boasts 94 lots, represents TBC's commitment to providing affordable and quality housing in a region where urban development and construction costs are increasingly putting pressure on homebuyers.
In recent comments, Jason S. Weissman, Principal at The Broadway Company, highlighted the importance of this acquisition amidst rising costs associated with land, property taxes, and construction. He stated, "Highlander Hills offers residents affordable, stable homes in a market where land, taxes and construction costs continue to rise." Weissman further conveyed enthusiasm about investing in the community, emphasizing TBC's mission to maintain professionally managed and well-maintained residential areas for their residents.
A Strategic Move
Highlander Hills will be managed by Moon Street, TBC’s dedicated property management arm, which focuses on manufactured housing. This in-house management team is set to implement cutting-edge technology for reporting and analytics, ensuring that residents receive high-quality service tailored to their needs.
The acquisition is a strategic addition to The Broadway Company’s growing portfolio, which spans various manufactured housing communities throughout the Northeast. As the demand for affordable housing continues to rise, TBC remains committed to expanding its reach in New Jersey and other key geographic markets across the United States.
About The Broadway Company
Founded in 2011, The Broadway Company is a fully integrated real estate investment firm that focuses on multi-family housing and manufactured communities. The firm’s in-house management capabilities via Moon Street enable it to maintain high standards of quality and service in the residential housing sector. TBC is managed by experienced professionals with extensive backgrounds in corporate governance and asset management, having successfully completed over 90 investments since its inception.
Founder Jason S. Weissman also leads Boston Realty Advisors (BRA), New England's largest independent commercial real estate brokerage, further solidifying TBC's expertise in the real estate landscape. For those interested in more details about TBC and its portfolio, additional information can be found on their website at
www.tbcre.com.
In conclusion, the acquisition of Highlander Hills signals The Broadway Company’s continued commitment to providing affordable housing solutions tailored to community needs, along with a strategic expansion of their portfolio designed for sustainable growth in the ever-evolving landscape of real estate.