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Atlanta-based NEWSTAR is expanding its portfolio of single-family residential communities in the Charlotte, N.C., market where it plans to build 58 homes on a 9-acre site in Northwest Charlotte. Clearing and sitework is expected to begin in the third quarter with the first build-to-rent residences slated to deliver in the summer of 2026.

NEWSTAR is partnering with Charlotte-based homebuilder Red Cedar Homes on the project. Last month, NEWSTAR announced it was teaming with the builder to develop a 133-unit BTR community in Braselton, Ga., an Atlanta suburb, on a newly acquired 19-acre site. Construction has begun on that project, which is slated for completion next spring.