NEWSTAR Exchange purchased Sweetwater Springs, a newly built townhome apartment community in Lawrenceville. 

The property features 95 two-, three- and four-bedroom units averaging 1,803 square feet. All homes have attached garages and private balconies or patios. Community amenities include a resort-style pool, cabana with restrooms and showers, on-site maintenance and leasing office, playground and dog park. Interior finishes feature luxury vinyl plank flooring, granite countertops and stainless-steel appliances. 

Parkland Residential completed construction last year, and the community was 94% leased as of the closing of the transaction. 

NEWSTAR Exchange also launched a new Delaware Statutory Trust offering, Newstar 17 Sweetwater Springs, DST, in connection with the acquisition. The offering is financed with a first mortgage through Freddie Mac and arranged by Newpoint Real Estate Capital. The offering is being distributed by Preferred Capital Securities. 

“We have evaluated more than 200 acquisition opportunities in our NEWSTAR Exchange business since launching in 2022, closing on just four properties through the end of 2025,” NEWSTAR CEO Boone DuPree said. “We have been selective in waiting for opportunities to invest in high-quality communities in high-quality locations, at the right price and with the right financing, and Sweetwater Springs meets those objectives fully.  

“We look forward to a successful offering to accredited investors seeking tax deferral with the opportunity for passive income and appreciation in an attractive institutional real estate asset.”