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Alternative Assets  + Real Estate  | 
NewStar Exchange Subscribes $19.1M Atlanta BTR DST Offering

NewStar Exchange Subscribes $19.1M Atlanta BTR DST Offering  

NewStar Exchange, a subsidiary of NEWSTAR, has fully subscribed a $19.1 million build-to-rent (BTR) Delaware Statutory Trust (DST) offering, NewStar 6 Tranquil Gardens BTR, DST. The firm has now raised approximately $50 million in equity since launching in 2022. 

Tranquil Gardens comprises 73 newly constructed three-bedroom and four-bedroom attached and detached homes for-rent in northwest Atlanta, GA.    

“Tranquil Gardens has been an excellent performer to-date, meeting investment projections since closing, while we have successfully increased in-place rents by 6% on an annualized basis,” said Joe Gibson, NEWSTAR CIO. “The quality of the homes and location is evident in the approximately 25% rent premium we are achieving relative to our competitive set.” 

Preferred Capital Securities (PCS) served as the managing broker-dealer. 

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Inside The Story

NewStar ExchangePreferred Capital Securities

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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