Development
An experienced developer with expertise across more than $1 billion of successfully delivered projects, NEWSTAR and its principals have navigated real estate cycles across asset classes for more than 20 years. Today the Company’s development activities span approximately 1,000 single-family homes and lots.
We partner with institutions, individual investors, and NEWSTAR-affiliated funds with a specific focus on Built-to-Rent (BTR)—single-family and townhouse communities designed, entitled, developed, and operated for rent.
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 single-family rental 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 for-rent. 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.
Capture outsized rent growth forecasted for single-family homes in Built-to-Rent communities (forecasted up to 5x higher than apartments in NEWSTAR’s primary markets through 2027).
Provides captive pipeline of high-quality communities positioned for long-term investment performance.