The Broadway Company (TBC) has acquired Windy Acres, a manufactured-housing community totaling more than 50 pad sites, located in Chester, New Jersey. The off-market transaction adds to TBC’s existing portfolio of over 60 multifamily properties throughout the Northeast.
“The strong demand for manufactured housing is substantiated by the healthy occupancy of this well-located community,” said Tana E. Weissman, partner and chief operating officer of TBC. “TBC has been active in the multifamily space since its inception. We recently diversified into manufactured-housing and single-family rentals. We believe in our ability to provide exceptional value and quality to all of our residences. The Windy Acres community is a great addition to our portfolio.”
Windy Acres is situated within close proximity of the intersection of Routes 24 and 206, across the street from the Chester Library, and complimented by great access to an abundant of retail options and the Historic Chester Town Center. Windy Acres will be managed by Moon Street, a wholly-owned entity of The Broadway Company.
The acquisition was led by Weissman. B6 Real Estate Advisors successfully placed the debt for the transaction, while Sills Cummis & Gross P.C. provided legal representation to TBC.