Fully occupied 118‑lot asset continues to bolster TBC’s regional MHC presence.
MARLBOROUGH, MA — The Broadway Company (TBC) announced the acquisition of Val’s MHP, a fully occupied 118-lot manufactured housing community located at 547 Boston Post Road in Marlborough, MA. The property sits on an 11.68-acre site in Middlesex County, approximately 31 miles from downtown Boston. The purchase price was $19.5 million.
“This acquisition underscores our commitment to high-quality, well-located manufactured-housing investments in the Northeast,” said Jason S. Weissman, Principal at The Broadway Company. “Val’s MHP is a stable, long-standing community with strong demand driven by its convenient regional access, attractive local amenities and resident ownership of homes. We look forward to investing in the community and partnering with residents to enhance long-term value and increase quality of life.”
Val’s MHP represents TBC’s eighth manufactured-housing community in the Northeast as the firm continues to pursue its targeted expansion of the asset class in the Northeast, along with multiple markets nationally. The seller was a family that had owned and operated the property since its founding in 1956.
Under TBC’s ownership, Val’s MHP will be managed using the firm’s institutional-quality systems, combining technology-forward reporting and analytics with a focus on responsive, resident-centered service. Planned initiatives include investments in property maintenance, operational efficiencies and community amenities designed to preserve affordability while improving resident experience.
Val’s MHP benefits from strong regional access to I-495, the Massachusetts Turnpike (I‑90) and Route 9, and is proximate to a variety of retail, dining and entertainment options, including Solomon Pond Mall and a Whole Foods Market in nearby Sudbury. Nationwide, roughly 22 million people live in manufactured housing. Val’s MHP residents own their homes and rent the lots, a model that supports stability and community continuity.
About The Broadway Company
The Broadway Company is a diversified real estate investment firm focused on acquiring and operating essential, cash-flowing residential and manufactured-housing communities across the United States. The firm emphasizes institutional-quality operations, technology-enabled asset management and resident-focused service to create long-term value. TBC has offices in Boston at 136 Newbury Street and New York City at 600 Fifth Avenue (Rockefeller Center).