Newmark Arranges $64M Multifamily Sale of The Liam at Hays Farm in Huntsville, Alabama
Newmark has arranged the $64 million sale of The Liam at Hays Farm, a 329-unit Class A multifamily property in Huntsville, Alabama, with Greystone completing the acquisition. The transaction, announced May 4, 2026, represents the largest multifamily sale in the Huntsville market since 2023, according to Newmark Research.
Transaction Details and Brokerage Team
Newmark Multifamily Capital Markets Senior Managing Director Justin Uffinger and Associate Director Sarah Nee represented the seller — a joint venture between Bomasada Group and an affiliate of Wolff Company — in the transaction. The deal was priced at approximately $194,500 per unit.
"We continue to see strong investor demand for high-quality multifamily assets in Huntsville, driven by the market's robust population growth, expanding employment base and relative affordability," said Uffinger. "The Liam at Hays Farm offered an exceptional opportunity to acquire a newly constructed, institutionally built community within one of the Southeast's most dynamic growth markets."
Greystone's Will White, Managing Member, commented on the acquisition: "We are excited to add The Liam at Hays Farm to the Greystone portfolio and continue expanding our presence in Huntsville, one of the most dynamic and fastest-growing markets in the Southeast. Justin and Sarah at Newmark did an outstanding job throughout the process, demonstrating strong communication and seamless execution from start to finish. We also appreciate the collaboration with the seller and their team, whose professionalism helped bring this transaction to a successful close."
Property Overview: The Liam at Hays Farm
Constructed in 2024, The Liam at Hays Farm is situated within Hays Farm, an 850-acre master-planned community in South Huntsville. The property features luxury amenities including a resort-style pool, zen courtyard with fireside lounge, and a state-of-the-art fitness center. Approximately 500 acres of the surrounding master-planned community are dedicated to preserved green space, including wooded areas, ponds, and trails.
The asset is located adjacent to Grissom High School and approximately five minutes from Gate 3 of Redstone Arsenal, one of the region's primary employment hubs.
Huntsville Multifamily Market Fundamentals
The transaction reflects continued institutional interest in the Huntsville multifamily market. The city's population has increased by approximately 16% since 2020, ranking it among the fastest-growing cities in the United States, according to the City of Huntsville's Planning Department. Huntsville was also recently ranked the No. 1 Best Place to Live in the U.S. by Livability.com.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm offering a range of services to owners, occupiers, investors, and developers. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners operated from over 185 offices with more than 9,600 professionals across four continents.
Statements in this document regarding Newmark that are not historical facts are forward-looking statements that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including the risk factors and Special Note on Forward-Looking Information set forth in these filings.