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 real estate sector featuring attractive fundamentals, these communities look like traditional for-sale subdivisions and may be individually platted lots or single parcels.
Investment Criteria
Developing housing communities in suburban Sun Belt locations with attractive job and population growth trends, demographics, schools, retail amenities, and housing fundamentals.
Entitled land for single-family, duet, triplex, and/or townhomes. Developed communities typically offer 100-200 homes.
Class A interior and exterior finishes with market-leading common area landscaping and community amenities.
Targeting 10%–20% discount to cost of homeownership with flexibility of a 12-month lease, no maintenance responsibilities, and professional management.
Investment Rationale
Providing flexible, full service new housing for Millennials entering prime family formation age and retiring Baby Boomers, the two fastest growing segments of the U.S. population.
Provides captive pipeline of high-quality communities positioned for long-term investment performance.