Development
An experienced developer and licensed residential contractor with expertise across more than $1 billion of successfully delivered projects, NEWSTAR and its principals have navigated real estate cycles for more than 20 years. Today the Company’s development activities span more than 1,000 residential units in Georgia, Florida, and the Carolinas.
We partner with institutions, individual investors, and Newstar-affiliated funds with a focus on housing strategies including traditional multifamily apartments and Build-to-Rent (BTR) communities—single-family and townhouse neighborhoods designed, entitled, developed, and operated for lease.
Representing a new and growing segment of rental housing for institutional investment, these communities look like traditional for-sale subdivisions without the requirement of a down payment or mortgage application. In addition to low barrier access, these communities offer the flexibility of a 12-month lease, turnkey maintenance, and lawn care services, while offering investors the same attractive fundamentals and operating efficiencies as traditional multifamily apartment communities.
Investment Criteria
Developing housing communities in suburban Sun Belt locations with attractive job and population growth trends, demographics, schools, retail amenities, and housing fundamentals.
Major markets with 1 million or greater population and durable housing and capital markets demand throughout the business cycle.
Sourcing developable land pre- or post-entitlements. Targeting 100-150 homes for build-to-rent development opportunities and 200-300 units for multifamily apartments.
Arbitrage available from discount between cost to build and stabilized sales values.
Investment Rationale
Providing new housing in growing markets with long-term demand.
Creating value through discount to build vs. purchase stabilized communities.
Leveraging NEWSTAR platform, local market relationships, and residential general contracting business to access and execute attractive investment opportunities.
Opportunity to achieve opportunistic returns.
Pipeline of high-quality communities positioned for long-term investment performance.
Featured Projects
Springstone Charlotte, NC View Video
Mint and Mill Charlotte, NC View Video
Kelly Ridge Charlotte, NC View Video
Towns at Braselton Braselton, BA View Video