NewStar Exchange Fully Subscribes $13.6 Million Built-to-Rent DST Offering
Hadley Crossing by Stella Homes
Charlotte, NC
CHARLOTTE, NC - NewStar Exchange, a subsidiary of NEWSTAR, announced that NewStar 14 Hadley Crossing, DST has been fully subscribed. The offering, launched in December 2024, raised $13.6 million in aggregate equity investment from Section 1031 exchange investors.
“With the successful close-out of NEWSTAR’s fourth Delaware statutory trust offering, we continue to build upon a foundation that now spans 10 neighborhoods under development, and four stabilized and operational build-for-rent communities with long-term financing under Newstar Exchange,” said Boone DuPree, chief executive officer for NEWSTAR.
Preferred Capital Securities, or PCS, served as the managing broker-dealer.
Hadley Crossing is a 44-home single-family rental community developed by NEWSTAR, featuring four-bedroom, four-bath detached homes with two-car garages in Charlotte, N.C. According to the company, the homes were 93% leased within eight months of initial delivery, and investors were paid a 4.36% distribution for the second quarter of 2025.
“We are grateful to our new partners in this venture, and to the investment advisers, financial representatives, and our broker-dealer, PCS, for their trust and support. Since launching in 2022, NewStar Exchange has raised $60 million of investor equity and distributed more than $5 million to more than 175 investors in 105 consecutive monthly distributions representing 97% of the original forecast on a weighted-average basis,” added DuPree.
Built in 2024, the BTR homes feature such amenities as vinyl plank floors, quartz countertops, stainless steel appliance packages, soft-close kitchen cabinets, and in-unit washer-dryer sets.
As previously reported by AltsWire, according to NEWSTAR, the DST was financed with a first mortgage through Fannie Mae, offering 43% leverage to DST investors on the offering’s syndicated basis.
In August 2024, NewStar Exchange fully subscribed NewStar 6 Tranquil Gardens BTR, DST. That offering raised $19.1 million from accredited investors.
For more information, please contact info@newstar-am.com
Charlotte, NC
September 10, 2025
AltsWire
ABOUT NEWSTAR:
NEWSTAR acquires, develops, owns and operates single-family residential communities across the Southeastern United States. NEWSTAR’s businesses span land acquisition and development, development of new, single-family rental subdivisions, and portfolio operations and asset management of stabilized communities with a long-term investment horizon. From sourcing land, to developing lots, to building and leasing homes for families in new rental communities with Class A finishes and amenities, NEWSTAR invests day in and day out to provide better housing for our communities.
For more information, please contact info@newstar-am.com.