Programs on record5
First filed2022
Active offerings1
Sponsor-reported, from SEC filings and cited sources.
What is on this sponsor’s Record Card?
Top1031 Sponsor Record Card
How this letter was decidedNewStar Exchange
NR
NR · Not rated
0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.
Completed sales 0Losses or impairments 0Counted Programs 0
- Programs found in SEC fundraising filings (Form D)
- 5
- Share of programs over 3 years old whose status we confirmed
- 50%
Which Programs are on the record?
A Program is one filing-level offering record associated with this Sponsor. Results are public and stay next to their source.
ProgramSponsor-stated resultCounted as
NewStar 17 Sweetwater Springs, DSTFirst filed 2026 Source
No outcome recorded · under 7 yearsDocument
NewStar 14 Hadley Crossing, DSTFirst filed 2024No full-cycle, sale, 721/UPREIT, or foreclosure announcement found; the Hadley Crossing BTR community in Charlotte, NC remains in operation and actively rented as of 2026 (NewStar's own past-offerings page shows 'OFFERING CLOSED SEPTEMBER 2025' referring to subscription close, not a property sale). Source
No outcome recorded · under 7 yearsDocument
NewStar 6 Tranquil Gardens BTR, DSTFirst filed 2023No full-cycle, sale, 721/UPREIT, or foreclosure announcement found; the Tranquil Gardens BTR community in Acworth/Woodstock, GA remains in operation and actively rented as of 2026 (NewStar's own past-offerings page indicates 'OFFERING CLOSED JUNE 2024' referring to subscription close, not a property sale). Source
No outcome recorded · under 7 yearsDocument
NE1 BTR Villages, DSTFirst filed 2022A March 2026 NewStar PPM identifies NE1 BTR Villages / Crescent Villas as a currently operating DST program; the prior foreclosure classification is removed. Source
No outcome recorded · under 7 yearsDocument
Active offerings
Active means the sponsor’s SEC filings show the offering still raising money. It does not confirm you can still buy in.
PropertyOffering sizeAmount soldStatus☆
Sweetwater SpringsSEC filing, Mar 5, 2026
—Filed Mar 5, 2026
Who is behind this record?
NewStar Exchange is the investment-management arm of NEWSTAR, a vertically integrated housing company that acquires, develops, owns, and operates residential communities across the Southeastern United States. NewStar Asset Management launched the platform on April 25, 2022, announcing at the same time the acquisition of the University Commons build-to-rent community on behalf of NE1 UC, DST. The sponsor structures Delaware Statutory Trusts holding Class A Southeastern residential communities for accredited investors completing Section 1031 exchanges. It reported NewStar 6 Tranquil Gardens BTR, DST fully subscribed at $19.1 million in August 2024, and NewStar 14 Hadley Crossing, DST fully subscribed at $13.6 million in September 2025.
Sponsor-stated figures are as reported by the sponsor.Sources: NEWSTAR Exchange / NEWSTAR · PR Newswire (news provided by NewStar Asset Management) · NEWSTAR Exchange · Top1031 sponsor record · NEWSTAR / NewStar Asset Management · Preferred Capital Securities, LLC (PCS) · +1 more
Platform and origin
NEWSTAR Exchange describes itself as the investment-management arm of NEWSTAR, a vertically integrated housing company that acquires, develops, owns, and operates residential communities across the Southeastern United States, and says NEWSTAR was founded in 2021 by former executives of Preferred Apartment Communities, Inc.1. NewStar Asset Management announced the platform on April 25, 2022 as a sponsor of DST offerings for Section 1031 exchange investors and other accredited investors, and announced at the same time the acquisition of University Commons, a build-to-rent community in the Atlanta, Georgia MSA, on behalf of NE1 UC, DST2. The sponsor says its trusts let accredited investors exchange into Class A residential communities across the Southeast without active management, and its site reports five DST offerings sponsored since 20223.
Program record
Top1031 tracks five NewStar Exchange DST programs: NE1 UC, DST; NE1 BTR Villages, DST; NewStar 6 Tranquil Gardens BTR, DST; NewStar 14 Hadley Crossing, DST; and NewStar 17 Sweetwater Springs, DST4. On August 19, 2024, NewStar Exchange reported that NewStar 6 Tranquil Gardens BTR, DST — the platform's third 1031 exchange Delaware Statutory Trust offering, holding a newly constructed build-to-rent community in Atlanta, Georgia — was fully subscribed, having raised $19.1 million in aggregate equity from Section 1031 exchange investors5.
Sponsor material dated December 2024 reports the acquisition of Hadley Crossing by Stella Homes in Charlotte on behalf of Newstar 14 Hadley Crossing, DST, alongside a Delaware Statutory Trust offering for accredited investors seeking Section 1031 exchanges6. A September 11, 2025 publication of the sponsor's announcement by Preferred Capital Securities reported that offering fully subscribed with $13.6 million in aggregate equity after launching in December 20247. NEWSTAR's past-offerings page marks the program OFFERING CLOSED SEPTEMBER 2025 and describes the asset as a single-family build-to-rent community in the Charlotte, North Carolina MSA8.
Atlanta acquisition, February 2026
In a February 9, 2026 release, NEWSTAR Exchange said it had acquired Sweetwater Springs, a newly constructed Class A townhome apartment community in Atlanta, Georgia, and launched Newstar 17 Sweetwater Springs, DST for accredited investors seeking like-kind exchanges under IRC Section 1031. The release describes 95 two-, three-, and four-bedroom homes averaging 1,803 square feet, with construction completed in 2025 and the community 94% leased at closing. Boone DuPree said in the same release that the platform had evaluated more than 200 acquisition opportunities since launching in 2022 and closed on four properties through the end of 20259.
Show sources (9)Hide sources (9)
- NEWSTAR Exchange / NEWSTAR ↗Sponsor disclosure
- PR Newswire (news provided by NewStar Asset Management) ↗Sponsor disclosure
- NEWSTAR Exchange ↗Sponsor disclosure
- Top1031 sponsor record ↗
- PR Newswire (news provided by NewStar Asset Management) ↗Sponsor disclosure
- NEWSTAR / NewStar Asset Management ↗Sponsor disclosure
- Preferred Capital Securities, LLC (PCS) ↗Sponsor disclosure
- NEWSTAR ↗Sponsor disclosure
- PR Newswire (news provided by NewStar Asset Management) ↗Sponsor disclosure
Written from SEC filings and cited sources
NewStar Exchange in the news
More sponsor coverage (11)
What can I do next?
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