Oakwood Commons
Built-to-rent single-family residential property in Oakwood, GA · sponsored by NewStar Exchange
Oakwood Commons was a DST sponsored by NewStar Exchange that owned a built-to-rent single-family residential property in Oakwood, GA (23 units). Its last Form D, filed Oct 17, 2023, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Oct 17, 2023, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $10,139,514Equity offered, per the Form D
- Sold
- 100%Form D, Oct 17, 2023; the % is our arithmetic
- Investors reported
- Form D, Oct 17, 202336
- Selling commissions
- Form D Item 15; the % is our arithmetic$615,898 · 6.0% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: Oakwood Commons. Top1031 is not a broker-dealer.What did Oakwood Commons own?
NewStar Exchange acquired the community all-cash and announced it on April 25, 2022 as the first property bought under its new 1031 DST program, roughly 50 miles northeast of downtown Atlanta. 3 The homes were built in 2022 on about 3.3 acres. 4 NewStar describes two-story, cottage-style houses with private yards, resident parking and dedicated maintenance. 1 The community's leasing site gives the address as 3078 Commons Drive, Oakwood, Georgia. 2
- Reported location
- Oakwood, GA
- Property size
- 23 units; 1,374 square feet average home size; 3-bedroom/3-bathroom homes
How was it financed, and what did it cost to sell?
NewStar's offering page characterizes the Trust as unlevered — no mortgage on the property. 1 For an exchanger, that means there is no debt to replace through this Trust and no lender, loan maturity or refinancing date to track.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $615,898 · 6.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $597,249 · 5.8% of offeringForm D Item 16· The filing’s note: “Estimate includes Broker Dealer Fee, Organization Costs, Acquisition Fee and Due Diligence Fee”
- Broker-dealers named in the Form D
- 10 named in the Form D
Show the firms
- Arkadios Capital · CRD 282710
- Client One Securities LLC · CRD 152974
- Colorado Financial Service Corporation · CRD 104343
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- Equifinancial, LLC · CRD 136708
- FNEX Capital, LLC · CRD 166316
- Nationwide Planning Associates Inc. · CRD 31029
- Preferred Capital Securities, LLC · CRD 169719
- RCX Capital Group, LLC · CRD 114290
Individual representatives named in Item 12 are not listed.
- Date of first sale
- May 27, 2022
- Minimum investment
- $25,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Oakwood Commons?
NewStar Exchange is the 1031 exchange arm of NewStar Asset Management, and this Trust held the first property its DST program bought when the platform launched in April 2022. 3 The program has stayed small since. On February 19, 2025, The White Law Group said it was investigating potential claims involving broker-dealers that recommended this Trust to investors; the firm's page describes an investigation, not a lawsuit or any adjudicated finding. 5
- Sponsor
- Offerings on record
What does the SEC record show?
The filing record is short: an initial Form D notice — the brief public notice an issuer files for a private placement — at launch, then a single amendment reporting the raise complete and restating the offering size to match what was actually sold. The exemption claimed permits public advertising, provided each investor's accredited status is verified.
- Legal Trust name
- NE1 UC, DST
- SEC CIK
- 1926487
- First Form D
- May 5, 2022
- Latest Form D
- Oct 17, 2023
- Filings on record
- 2
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $10,139,514was $10,264,967 | $10,139,514+$10,139,514 | 36 | EDGAR | |
| Form D | $10,264,967 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to Oakwood Commons?
- Oakwood Commons is a Historical offering. The last Form D, filed Oct 17, 2023, reports the offering fully sold.
- Why does this Trust appear under two different property names?
- The legal entity is NE1 UC, DST. Launch coverage in April 2022 called the asset University Commons, and NewStar's own past-offerings page still uses that heading, while the sponsor's later release and its broker-dealer materials identify the property as Oakwood Commons. They refer to the same 23-home built-to-rent community.
- Where is the property?
- The community's leasing website places Oakwood Commons at 3078 Commons Drive, Oakwood, Georgia 30504, in the northeast Atlanta metro area. The sponsor's April 25, 2022 acquisition announcement described the location as roughly 50 miles northeast of downtown Atlanta. No street address appears in the SEC filings themselves.
- Does the Trust carry a mortgage?
- NewStar's offering page characterizes the offering as unlevered, and the April 2022 announcement described the purchase as an all-cash transaction. No loan amount, lender or loan terms appear in the public sources reviewed. An exchanger who needs to replace debt from a relinquished property would not do so through an all-cash Trust.
- What is the White Law Group investigation about?
- On February 19, 2025, the securities law firm The White Law Group published a notice saying it was investigating potential claims involving broker-dealers who may have unsuitably recommended NE1 UC DST to investors. That page describes an investigation only — not a filed lawsuit, arbitration award, or any finding against the sponsor or the Trust. No primary record establishing an underlying securities issue was located.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.