NewStar Exchange Fully Subscribes DST Offering for Newly Constructed Built-to-Rent ("BTR") Community in Atlanta, Georgia
NewStar Exchange, a subsidiary of NEWSTAR, has fully subscribed its NewStar 6 Tranquil Gardens BTR, DST offering, raising $19.1 million from Section 1031 exchange investors. This marks the company's third successful 1031 exchange Delaware Statutory Trust offering, bringing their total equity raised to approximately $50 million since launching two years ago.
The Tranquil Gardens project comprises 73 newly constructed three-bedroom and four-bedroom homes for rent in northwest Atlanta, Georgia. The community has been performing well, meeting investment projections and achieving a 6% annualized increase in in-place rents. Notably, it's commanding a 25% rent premium compared to its competitive set.
Preferred Capital Securities (PCS) served as the managing broker-dealer for this offering. PCS has a strong track record, having raised over $3 billion in retail capital across 8 offerings since 2011.
NewStar Exchange, una filiale di NEWSTAR, ha completamente sottoscritto la sua offerta NewStar 6 Tranquil Gardens BTR, DST, raccogliendo 19,1 milioni di dollari da investitori di scambi ai sensi della Sezione 1031. Questo segna la terza offerta di Delaware Statutory Trust con scambio 1031 di successo dell'azienda, portando il totale del capitale raccolto a circa 50 milioni di dollari da quando è stata lanciata due anni fa.
Il progetto Tranquil Gardens comprende 73 nuove abitazioni con tre e quattro camere da letto in affitto nel nord-ovest di Atlanta, Georgia. La comunità sta performando bene, rispettando le proiezioni di investimento e raggiungendo un incremento annualizzato del 6% nei canoni di affitto esistenti. È notevole che abbia un premio di affitto del 25% rispetto ai suoi concorrenti.
Preferred Capital Securities (PCS) ha svolto il ruolo di broker-dealer gestore per questa offerta. PCS ha un solido track record, avendo raccolto oltre 3 miliardi di dollari in capitale retail attraverso 8 offerte dal 2011.
NewStar Exchange, una subsidiaria de NEWSTAR, ha suscrito completamente su oferta NewStar 6 Tranquil Gardens BTR, DST, recaudando 19,1 millones de dólares de inversores de intercambios bajo la Sección 1031. Esto marca la tercera oferta exitosa de Delaware Statutory Trust de intercambio 1031 de la empresa, aumentando su capital total recaudado a aproximadamente 50 millones de dólares desde su lanzamiento hace dos años.
El proyecto Tranquil Gardens comprende 73 casas de tres y cuatro habitaciones recién construidas para alquilar en el noroeste de Atlanta, Georgia. La comunidad ha estado funcionando bien, cumpliendo con las proyecciones de inversión y logrando un aumento anualizado del 6% en los alquileres establecidos. Notablemente, está cobrando un 25% de prima sobre los alquileres en comparación con su conjunto competitivo.
Preferred Capital Securities (PCS) actuó como el corredor-dealer administrador para esta oferta. PCS tiene un sólido historial, habiendo recaudado más de 3 mil millones de dólares en capital minorista en 8 ofertas desde 2011.
NewStar Exchange, NEWSTAR의 자회사,는 NewStar 6 Tranquil Gardens BTR, DST 제안을 완전히 구독하여 섹션 1031 교환 투자자들로부터 1910만 달러를 모금했습니다. 이는 회사의 세 번째 성공적인 1031 교환 델라웨어 법인 신탁 제안으로, 출시 2년 만에 총 모금액이 약 5000만 달러에 달하게 되었습니다.
Tranquil Gardens 프로젝트는 조지아주 애틀랜타 북서부에 새로 지어진 73채의 세 모듬과 네 모듬 주택을 임대용으로 포함합니다. 이 커뮤니티는 투자 예상치에 부합하며, 기존 임대료에서 연평균 6% 증가를 기록하며 잘 성장하고 있습니다. 특히 경쟁업체보다 25% 높은 임대료를 받고 있는 점이 눈에 띕니다.
Preferred Capital Securities (PCS)는 이번 제안의 관리 중개인 역할을 맡았습니다. PCS는 2011년 이후 8회의 제안을 통해 30억 달러 이상의 소매 자본을 모집한 강력한 경과를 가지고 있습니다.
NewStar Exchange, une filiale de NEWSTAR, a souscrit intégralement à son offre NewStar 6 Tranquil Gardens BTR, DST, levant 19,1 millions de dollars auprès d'investisseurs en échange de la section 1031. Cela marque la troisième offre réussie de Delaware Statutory Trust par l'entreprise, portant le capital total levé à environ 50 millions de dollars depuis son lancement il y a deux ans.
Le projet Tranquil Gardens comprend 73 maisons nouvellement construites de trois et quatre chambres à louer dans le nord-ouest d'Atlanta, en Géorgie. La communauté se porte bien, atteignant les prévisions d'investissement et affichant une augmentation annualisée de 6 % des loyers en place. Notamment, les loyers affichent une prime de 25 % par rapport à ceux de ses concurrents.
Preferred Capital Securities (PCS) a agi en tant que courtier-gérant pour cette offre. PCS a un solide bilan, ayant levé plus de 3 milliards de dollars en capital de détail à travers 8 offres depuis 2011.
NewStar Exchange, eine Tochtergesellschaft von NEWSTAR, hat sein Angebot NewStar 6 Tranquil Gardens BTR, DST vollständig gezeichnet und 19,1 Millionen Dollar von 1031-Exchange-Anlegern geholt. Dies markiert das dritte erfolgreiche 1031-Exchange-Delaware Statutory Trust-Angebot des Unternehmens und bringt das insgesamt aufgebrachte Kapital seit der Gründung vor zwei Jahren auf etwa 50 Millionen Dollar.
Das Projekt Tranquil Gardens umfasst 73 neu gebaute drei- und vierzimmerwohnungen zur Miete im Nordwesten von Atlanta, Georgia. Die Gemeinschaft hat sich gut entwickelt, erreicht die Investitionsprognosen und verzeichnet einen annualisierten Anstieg der bestehenden Mieten von 6%. Bemerkenswert ist, dass die Mietpreise im Vergleich zu den Wettbewerbern um 25% höher sind.
Preferred Capital Securities (PCS) diente als verwaltender Broker-Depot für dieses Angebot. PCS hat eine starke Erfolgsbilanz und hat seit 2011 über 3 Milliarden Dollar im Einzelhandelskapital über 8 Angebote gesammelt.
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"We are pleased to report the successful close-out of our third 1031 exchange Delaware Statutory Trust offering, and thank our new partners in this investment, and the investment advisors, financial representatives, and our broker-dealer, PCS, for their trust and support," said Boone DuPree, Chief Executive Officer for NEWSTAR. "NewStar Exchange has now successfully raised approximately
"Tranquil Gardens has been an excellent performer to-date, meeting investment projections since closing, while we have successfully increased in-place rents by
Tranquil Gardens comprises 73 newly constructed three-bedroom and four-bedroom attached and detached homes for-rent in northwest
About NewStar Exchange: NewStar Exchange is a subsidiary of NEWSTAR that sponsors Delaware Statutory Trust investments for Section 1031 exchange and cash investors. The Company primarily targets high quality build-to-rent housing communities in growing suburban locations of the United States "Sun Belt". For more information, please visit www.newstar-am.com.
About Preferred Capital Securities ("PCS"): PCS (Member FINRA/SIPC) is a fully independent, third-party Managing Broker Dealer focused on both back-office solutions and the wholesale distribution of alternative investments to Independent Broker-Dealers (IBDs) and Registered Investment Advisors (RIAs) across
Contact: NewStar1031@pcsalts.com
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SOURCE NewStar Asset Management
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