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 猫 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 comunit脿 sta performando bene, rispettando le proiezioni di investimento e raggiungendo un incremento annualizzato del 6% nei canoni di affitto esistenti. 脠 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 d贸lares de inversores de intercambios bajo la Secci贸n 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 d贸lares desde su lanzamiento hace dos a帽os.
El proyecto Tranquil Gardens comprende 73 casas de tres y cuatro habitaciones reci茅n construidas para alquilar en el noroeste de Atlanta, Georgia. La comunidad ha estado funcionando bien, cumpliendo con las proyecciones de inversi贸n y logrando un aumento anualizado del 6% en los alquileres establecidos. Notablemente, est谩 cobrando un 25% de prima sobre los alquileres en comparaci贸n con su conjunto competitivo.
Preferred Capital Securities (PCS) actu贸 como el corredor-dealer administrador para esta oferta. PCS tiene un s贸lido historial, habiendo recaudado m谩s de 3 mil millones de d贸lares en capital minorista en 8 ofertas desde 2011.
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NewStar Exchange, une filiale de NEWSTAR, a souscrit int茅gralement 脿 son offre NewStar 6 Tranquil Gardens BTR, DST, levant 19,1 millions de dollars aupr猫s d'investisseurs en 茅change de la section 1031. Cela marque la troisi猫me offre r茅ussie de Delaware Statutory Trust par l'entreprise, portant le capital total lev茅 脿 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 脿 louer dans le nord-ouest d'Atlanta, en G茅orgie. La communaut茅 se porte bien, atteignant les pr茅visions d'investissement et affichant une augmentation annualis茅e de 6 % des loyers en place. Notamment, les loyers affichent une prime de 25 % par rapport 脿 ceux de ses concurrents.
Preferred Capital Securities (PCS) a agi en tant que courtier-g茅rant pour cette offre. PCS a un solide bilan, ayant lev茅 plus de 3 milliards de dollars en capital de d茅tail 脿 travers 8 offres depuis 2011.
NewStar Exchange, eine Tochtergesellschaft von NEWSTAR, hat sein Angebot NewStar 6 Tranquil Gardens BTR, DST vollst盲ndig 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 Gr眉ndung 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% h枚her sind.
Preferred Capital Securities (PCS) diente als verwaltender Broker-Depot f眉r dieses Angebot. PCS hat eine starke Erfolgsbilanz und hat seit 2011 眉ber 3 Milliarden Dollar im Einzelhandelskapital 眉ber 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 . 听
About Preferred Capital Securities ("PCS"):听 PCS (Member FINRA/SIPC) is a fully independent, third-party Managing Broker Dealer focused听on both听back-office solutions and听the wholesale distribution听of听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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