NewStar 17 Sweetwater Springs DST
Investment Description
NewStar 17 Sweetwater Springs DST holds a 95-home townhome apartment community in Lawrenceville, Georgia. The property comprises two adjacent parcels with homes completed in 2021 and 2025, attached garages and shared amenities. Investors acquire beneficial interests in a Delaware statutory trust associated with the community.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- NewStar Exchange III, LLC
- Location(s)
- Georgia
- Equity
- $21,808,522
- Debt
- $17,600,000
- LTV (investor offering)
- 44.66%
- Property Type
- Townhome apartments
Source-document projections, not actual distributions. Income is operating cash divided by original offering equity and excludes sale proceeds. Y1 is the source annualized opening rate; actual first-period cash covers about 10.82 months. Average uses cumulative cash over the approximately ten-year source horizon. Offering LTV = allocated debt / (offering equity + allocated debt). Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately. Evidence confidence is reported separately.
Sponsor Overview
NewStar Exchange III, LLC
NewStar Exchange III, LLC, an indirect subsidiary of NewStar Asset Management, LLC, sponsors the offering. The platform launched in 2021 and focuses on residential investment and development in the southeastern United States.