About

Institutional experience, entrepreneurial focus.

NEWSTAR Exchange is the investment-management arm of NEWSTAR, a vertically integrated housing company that acquires, develops, owns, and operates residential communities across the Southeastern United States.

NEWSTAR was founded in 2021 by former executives of Preferred Apartment Communities, Inc. (PAC), a publicly traded REIT acquired by Blackstone (NYSE: BX) for $5.8 billion in 2022. Our leadership team brings more than 100 years of combined experience across more than 10,000 residential units, 10 million square feet of commercial property, and more than $10 billion of invested capital.

Leadership

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Important Disclosures

This page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Statements about the experience of NEWSTAR's leadership reflect activities at prior platforms and are not indicative of the results of any NEWSTAR Exchange offering. Past performance is not indicative of future results.

Offerings are made only to accredited investors by means of a Private Placement Memorandum. An investment in a Delaware Statutory Trust is speculative, illiquid, and involves a high degree of risk, including possible loss of principal. Securities offered through Preferred Capital Securities, LLC, member FINRA/SIPC.

Mr. DuPree is Chief Executive Officer for NEWSTAR, which he founded in 2021.

Prior to forming NEWSTAR, Mr. DuPree most recently served as an executive for Preferred Apartment Communities, Inc. ("PAC"), a publicly traded real estate investment trust that was acquired by Blackstone in 2022. From its initial public offering through the company's sale to Blackstone, PAC issued more than $2.6 billion of non-listed preferred stock and paid more than $675 million in preferred dividends, while delivering more than a 3.3x multiple to common stockholders.

At the time of its sale to Blackstone, PAC owned 44 high-quality multifamily communities totaling approximately 12,000 units concentrated in Atlanta, Orlando, Tampa, Jacksonville, Charlotte, and Nashville, in addition to 54 grocery-anchored shopping centers and approximately 1 million square feet of Class A office property. Mr. DuPree served as a named executive officer for PAC and oversaw an operating portfolio worth more than $1 billion, and a development portfolio worth $1 billion comprising mixed-use projects across the Southeast and Texas. Before PAC, Mr. DuPree served on the investments team for Cousins (NYSE: CUZ), a publicly traded real estate investment trust based in Atlanta, Georgia, and for Boston-based real estate investment fund Roseview Partners.

Mr. DuPree is a graduate and member of the Urban Land Institute's Center for Leadership and a member of the Young Presidents Organization (YPO). He holds a B.S. in Finance from Wake Forest University in Winston-Salem, North Carolina.

Mr. Gibson is a Founding Partner and serves as the Chief Investment Officer for NEWSTAR where he leads investment sourcing, analysis and execution across the Company's strategies.

Previously, Mr. Gibson served as Senior Vice President of Investments for Preferred Apartment Communities where he led the acquisition of real estate assets totaling more than $640 million in value across the Southeast United States. Before Preferred Apartment Communities, Mr. Gibson served as a Vice President at Eastdil Secured, a leading real estate investment bank, where he marketed more than $4 billion in real estate investment sales across the Southeast. Prior to Eastdil Secured, Mr. Gibson worked for VRA Partners, an Atlanta-based investment bank.

Mr. Gibson holds a B.A. in Economics from Washington and Lee University in Lexington, Virginia.

Mr. Frost is a Founding Partner and serves as Chief Development Officer of NEWSTAR and President of Newstar Construction, the firm's in-house residential general contractor. He brings more than 20 years of experience across all phases of real estate development, including design, entitlements, construction, sales, and leasing.

Previously, he served as Executive Vice President of Development for Preferred Apartment Communities, and before that as a development executive for Cousins. He has primarily focused on residential, commercial, and mixed-use projects in Georgia, North Carolina and Texas.

Prior to joining Cousins through its acquisition of The Gellerstedt Group, Mr. Frost served as a project manager for Hardin Construction in Atlanta, where his projects included a range of mixed-use, multifamily, industrial, and commercial developments. During his career he has successfully delivered projects with a total value of over $1 billion, which includes more than 1,000 units of multifamily residential, over 1 million square feet of office space, and more than 100,000 square feet of mixed-use retail.

Mr. Frost graduated magna cum laude with a bachelor's degree in construction and development from Kennesaw State University.

Ms. Dinkins is the Chief Accounting Officer for NEWSTAR where she oversees all accounting processes, financial reporting and forecasting, investor relations, and tax and audit activities.

Before NEWSTAR, Ms. Dinkins worked in public and private accounting practices, most recently directing accounting and financial planning at two large private real estate companies across more than 10,000 residential units and more than 11 million square feet of commercial property.

Ms. Dinkins is a Certified Public Accountant and holds a B.S. in Accounting, with Honors, from Kennesaw State University in Kennesaw, Georgia.