Land
NEWSTAR’s land development funds invest in select single-family land development opportunities, delivering finished lot inventory to top national homebuilders in growing Sun Belt markets.
Our investment program offers attractive development returns supporting U.S. family housing in a forward sale structure.
NEWSTAR Equity Lot Finance Funds invest with NEWSTAR Development to buy land and clear, grade, and deliver utility and road infrastructure to provide finished residential lots in new master-planned communities.
In connection with closing each investment, NEWSTAR contracts to sell the finished lots to national homebuilders, setting pricing, timing, and deposits on the front end. The homebuilder purchases lots as they are delivered and builds, markets, and sells the finished homes.
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Investment Criteria
Proven residential locations in growing Sun Belt markets.
Fully zoned with site engineering complete, priced, and contracted at or prior to closing.
Lot purchase agreement for sale of finished lots contracted at or prior to closing.
Viable contingency plan delivering Built-to-Rent community on finished lots.
Investment Rationale
Attractive development returns investing to deliver additional finished lot inventory to under-supplied U.S. single-family housing market.
Risk mitigation from (i) forward sale structure and (ii) Built-to-Rent contingency plan.
Accretive zero-cost financing and “skin in the game” from homebuilder deposits.