Offering Summary — DST Underwriting

NewStar 17 Sweetwater Springs DST seeks $21,808,522 in equity alongside $17,600,000 in debt to acquire a 95-unit townhome community in Atlanta, GA.

Capital structure

Offering Equity$30.36M50.6% · $121,449 / unit

Offering Debt$29.64M

Offering price

$60.0M

Price / unit

$240,000

Units

250

Property age

12 yrs

Projected distribution rate

Avg 6.75%

Yr 1Term avg.

Yr 1 4.40%Term avg. 4.75%

Year-one distribution of 6.25% stepping to 7.20% by year seven.

The property

95-Unit Newly Constructed Townhome Community in Atlanta MSA

$33,065,000 acquisition price

NewStar 17 Sweetwater Springs DST

Townhomes

The property consists of newly constructed Class A townhome apartments, indicating that the main improvements are new construction completed shortly before the 2026 offering.

Atlanta, Georgia | Gwinnett County

95 unitsTownhomes

$33,065,000

100.0% of portfolio

Seller: —
Property manager: Newstar Exchange

Sponsor

Newstar Exchange

Asset Type

Townhomes

Location

Atlanta, Georgia | Gwinnett County

Units

Property Age

The property consists of newly constructed Class A townhome apartments, indicating that the main improvements are new construction completed shortly before the 2026 offering.

Offering Price

$39,408,522

Offering Debt

$17,600,000

Offering Equity

$21,808,522

Offering LTV

45%

Income % (Yr. 1)

4.4%

Avg. Income (Full Term)

4.75%

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

Conservative 45% offering LTV
Average full-term income projected at 4.75%

Concerns

Initial Year 1 income yield is 4.4%
Total offering price includes $2,234,533 in syndication costs