Sweetwater Springs
Legal trust name NewStar 17 Sweetwater Springs, DST
Talk to a 1031 specialistData updated Mar 5, 2026
Offering size$21.8M
Asset typeMultifamily
LocationLawrenceville, GA
FinancingLeveraged
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedMar 5, 2026
Last filedMar 5, 2026
Minimum$25k
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 Private Placement Memorandum before investing.
NewStar 17 Sweetwater Springs, DST holds Sweetwater Springs, a Class A townhome-style multifamily community at 1510 and 1540 Duluth Highway in Lawrenceville, Georgia (Gwinnett County). Completed in 2025, it spans roughly 7.47 acres with 95 two-, three-, and four-bedroom townhome apartments across seven residential buildings plus a leasing office, totaling 171,271 net rentable square feet. The Delaware statutory trust acquired the community on February 6, 2026 for an estimated $33.07 million and reported it 94% leased at closing. NewStar Exchange III, LLC sponsors the offering, and acquisition financing includes a $17.6 million Freddie Mac fixed-rate loan.
Loan $17.6M Freddie Mac 5.10% fixed to 2036; min $100k 1031/$25k cash; 94% leased at close; max offering $21.81M
95 units (avg 1,803 SF)Based on issuer-filed Form D notices through Mar 5, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$21,808,522
Investor count reported in latest Form DNot disclosed
Stated minimum investment$25,000
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First filedMar 5, 2026
Latest filingMar 5, 2026
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property
Sweetwater Springs is a Class A, townhome-style (build-to-rent) multifamily community in Lawrenceville, within Gwinnett County in metro Atlanta, at 1510 and 1540 Duluth Highway 1. Construction was completed in 2025. The community occupies two parcels totaling approximately 7.47 acres and contains 95 townhome apartments across seven residential buildings plus a separate leasing office, comprising 171,271 net rentable square feet in two-, three-, and four-bedroom units averaging roughly 1,803 square feet 1.
Acquisition and Financing
The trust acquired the property on February 6, 2026 from Sweetwater Landing, LLC and Sweetwater Landing 2, LLC for an estimated $33,065,000, and concurrently leased it to NE Sweetwater Springs Leaseco, LLC, a sponsor-affiliated master tenant that subleases units to residents 1. The community was 94% leased at closing on February 6, 2026 1. Acquisition financing includes a $17,600,000 first mortgage from NewPoint Real Estate Capital under the Freddie Mac Conventional Fixed Rate Program, at a fixed 5.10% rate, interest-only for ten years before 30-year amortization and maturing March 1, 2036 1. A third-party distributor profile dated June 27, 2026 reports a total project basis of approximately $39.4 million and an in-place loan-to-value of 44.66% 2.
Sponsor
The offering is sponsored by NewStar Exchange III, LLC, an affiliate of NEWSTAR, an Atlanta-based vertically integrated real estate firm founded in 2021 by former Preferred Apartment Communities executives 1. Sweetwater Springs is the fourth DST acquired by NewStar Exchange since the program launched in 2022 3. The issuer filed a Form D on March 5, 2026 noting a total offering amount of $21,808,522 4.
In the news
Frequently asked questions
Is Sweetwater Springs currently active?
Sweetwater Springs is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Sweetwater Springs?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.