Newmark Group, Inc. facilitated the $64 million sale of The Liam at Hays Farm, a 329‑unit Class A multifamily complex in Huntsville, Alabama, to Greystone. The transaction was completed for a joint venture between Bomasada Group and an affiliate of The Wolff Company, with the sale announced on May 4, 2026.
The property, built in 2024, sits on Hays Farm and offers modern amenities that appeal to the city’s growing rental market. While one source lists 330 units, the transaction documents confirm 329 units, and the sale price reflects the asset’s Class A status and recent construction. Greystone’s acquisition of the property underscores its strategy to expand its portfolio in high‑growth secondary markets.
The deal represents the largest multifamily transaction in Huntsville since 2023, highlighting the city’s robust population growth and the strong demand for high‑quality rental assets. Huntsville’s expansion in aerospace, defense, and technology sectors has driven new housing demand, making it an attractive destination for investors seeking stable, long‑term returns.
Newmark’s Multifamily Capital Markets team, led by Senior Managing Director Justin Uffinger and Associate Director Sarah Nee, played a key role in structuring the deal. The transaction demonstrates Newmark’s expertise in arranging sizable multifamily sales and reinforces its position as a trusted advisor for both sellers and buyers in the region. For Bomasada Group and The Wolff Company, the joint venture provides a platform to leverage their development and investment strengths in a rapidly appreciating market.
The sale signals continued confidence in Huntsville’s multifamily market, suggesting that investors remain willing to commit capital to new, high‑quality assets in secondary cities experiencing strong economic growth. The transaction also illustrates the broader trend of institutional investors targeting newer, Class A properties that offer lower immediate capital expenditures and higher operating efficiencies.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.