NewStar Asset Management ("NewStar" or the "Company") announces the launch of NewStar Equity Lot Finance, a subsidiary business focused on investments in residential land development in partnership with select national homebuilders.
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NewStar Exchange, a subsidiary of NewStar Asset Management, announced today its acquisition of Tranquil Gardens, a single-family rental subdivision located in the Woodstock suburb of Atlanta, Georgia.
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Atlanta, GA – NewStar Asset Management (“NewStar” or the “Company”) announced today the sale of McEver 985 Distribution Center (the “Property”), a 214,479 square foot Class A warehouse developed by the Company and delivered in May 2023. Project specifications include a 32’ clear height, 34 dock doors with 12 35,000 lb. levelers, 2 drive-in doors, 185’ truck court with 30 trailer spaces, and 135 car parks. Choate served as the General Contractor.
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NewStar Asset Management (“NewStar” or the “Company”) announced today that through its subsidiary, NewStar Development, the Company has closed on approximately 13 acres in Charlotte, North Carolina where it will develop Hadley Crossing (the “Project”), a single-family subdivision under the Company’s Stella Homes platform. Upon completion, Hadley Crossing will offer 3-bedroom and 4-bedroom single-family detached homes for rent.
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NewStar Exchange (the “Company”) announced today that NE1 UC, DST has been fully subscribed. The offering raised $10.3 million in aggregate equity investment from Section 1031 exchange investors. Preferred Capital Securities (PCS) served as the managing broker-dealer.
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NewStar Asset Management (“NewStar” or the “Company”) announced today that through its subsidiary, NewStar Development, the Company has purchased approximately 7 acres in The Villages, Florida, planned for development of a 60-home build-to-rent community (the “Project”).
Read MoreNewStar Asset Management ("NewStar" or the "Company"), a real estate-focused alternative investment and asset management company based in Atlanta, Georgia, announced today that Jennifer Dinkins has joined the Company as Chief Accounting Officer.
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NewStar Exchange (the “Company”) announced today its acquisition of The Residences at Village Park Center, a built-to-rent single family residential community located in The Villages, approximately 55 miles northwest of Orlando, Florida.
Read MoreThe company agreed to lease 127,115 square feet. Ellen Stern, Sam Holmes, John Springer, Andrew Kaplan and Kyle Kenyon of CBRE; NewStar Asset Management; The Georgia Department of Economic Development; and Preferred Office Properties LLC worked on brokering and executing the deal.
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NewStar Asset Management announced today that through its subsidiary NewStar Development the Company has closed on 13.1 acres in Oakwood, Georgia planned for the development of an approximately 215,000 square foot institutional quality distribution center to be called McEver 985 Distribution Center.
Read MoreNewStar Asset Management announced today that it has launched NewStar Exchange, a sponsor of Delaware Statutory Trust offerings for Section 1031 exchange and other accredited investors. NewStar Exchange will invest in high quality multifamily and built-to-rent communities in SunBelt markets of the United States.
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NewStar Asset Management, on behalf of Preferred Apartment Communities, Inc., announced today the execution of a new, 15-year lease with Hapag-Lloyd, an international shipping and container transportation company, for 127,115 square feet at Three Ravinia in Atlanta, Georgia.
Read MoreBoone DuPree, Joe Gibson, Carl Dickson and Jason Frost announced today the formation of NewStar Asset Management (“NewStar”), a real estate-focused alternative asset management company based in Atlanta, Georgia.
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