# NewStar 17 Sweetwater Springs DST

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## 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
- Locations: Georgia
- Equity: $21,808,522
- Debt: $17,600,000
- LTV (investor offering): 44.66%
- Property Type: Townhome apartments
- Y1 Income: Login required.
- Average Income: Login required.
- Overall Scorecard Rating: Login required.

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, 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.

## Detailed analysis

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For informational and educational purposes only. Our research and opinions are not personalized investment, legal, or tax advice, an offer to sell or solicitation to buy securities, or a recommendation or endorsement of any investment. Do not rely on this research alone to make an investment decision. Review the current Private Placement Memorandum (PPM) and all applicable offering documents, and consult a registered investment adviser or other qualified investment professional and your legal and tax advisers. Private investments can be illiquid and involve significant risk, including loss of your entire investment. Past performance, projected income, and ratings do not guarantee future results. Information may be incomplete or change; confirm current offering availability directly with the sponsor.

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