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NewStar 6 Tranquil Gardens BTR, DST

Fully Allocated

Available as of

October 4, 2024

4.81% Y1 CoC

Asset Class

SFR

Offering Type

DST

Strategy

Core+

Equity Offered:

$19,104,805

Availability:

Fully Allocated

Minimum:

$100,000

Offering Documents

NewStar 6 Tranquil Gardens BTR, DST ("the Trust") owns 73 newly constructed single-family rental homes in the Atlanta, GA MSA. The homes were built in 2023, are comprised of 3 & 4 bedroom formats (with 2 car garages), and were 88% leased within 8 months of initial delivery.


Investment Rationale

  • Woodstock was ranked the #1 place to live in Cherokee County by Niche.com with an overall grade of "A".

  • The MSA's median income is 22% higher than the national average, and supports $2,900 monthly rents, a 17% premium to current average in place rents at the property.

  • Cherokee County recently modified its single family zoning to include a rental restriction. This property was grandfathered in and approved as single family homes for rent.

  • The property benefits from both a discounted basis and upside potential for in-place rents. The offering basis is 18% below median list price for homes listed in the area while in place rents have a 30% upside potential when compared to relative apartment comparables.


Market Overview

  • Cherokee County has an overall Niche.com grade of “A” with A-rated public schools, A-rated jobs, and A-rated health and fitness.

  • Woodstock is the #1 rated place to live in Cherokee County and features A-rated public schools and A-rated for families.

  • Equidistant to Downtown Woodstock & Downtown Acworth with over 100 restaurants and shops, green space, and an outdoor amphitheater concert venue featuring the annual Woodstock Summer Concert Series.

  • Attractive recreational and outdoor activities including Lake Allatoona (5 miles north along Bells Ferry Road) and Red Top Mountain State Park 20 minutes away.

  • The median list price of a home for-sale in Woodstock is $529,0002 and the median household income is 22% higher than the U.S. average.

  • 47% of Woodstock residents have a Bachelor’s degree or higher, and there are 58 colleges and 65 universities within 50 miles.

  • The unemployment rate in Woodstock is 2.4%.

  • The top state personal income tax rate is 5.75%, the top state personal capital gains tax rate is 6.00%, and the state sales tax rate is 4.00%.

Looking for More?

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If you have questions about our firm or any products offered by our firm, we would love to connect to help you understand why we believe our approach to real estate may benefit you. We look forward to hearing from you. 

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