Manufactured Housing Community Will Be Managed by Moon Street
BOSTON – Boston-based real estate investment firm The Broadway Company has purchased
Marlboro Village, a fully occupied 102-pad manufactured housing community in Marlboro, MA.
Marlboro Village is located on a 12.8-acre site at 181 Boston Post Rd., in Middlesex County, 31
miles from Downtown Boston. The price was $17.152 million.
“Marlborough, Massachusetts, is a thriving community,” said Tana E. Weissman, Principal and
Chief Operating Officer of The Broadway Company. “The goal of our manufactured-housing
initiative is to create and preserve quality affordable housing. Through sustainable management
practices and acquiring in key markets, we are able to achieve this goal.”
The acquisition will be managed by Moon Street, The Broadway Company’s brand specializing
in single-family rental and manufactured housing. The seller was a family that has owned the
property since its inception in 1955.
Management of the property will employ The Broadway Company’s institutional-quality
systems, bringing technology-forward reporting and analytics while maintaining high quality
service for tenants.
In addition to the 102 homes at Marlboro Village, seven pads are permitted for new homes. The
Broadway Company is committed to improving landscaping and signage.
Marlboro Village is conveniently located near I-495, the Massachusetts Turnpike, and Route 9.
The corridor has extensive food, shopping and entertainment options, including the Solomon
Pond Mall. A Whole Foods is located 10 minutes away, in Sudbury.
Some 22 million people live in manufactured housing in the United States. At Marlboro Village
residents own their homes and pay rent on the pads. In other places, residents pay rent on the
home itself.