About Stoneforge
Built to be the sponsor
you actually want.
Stoneforge Investments LLC is a private real estate syndication firm focused on necessity-based retail in secondary U.S. markets. We structure deals that put investors first — and we stay active long after the raise closes.
Our Mission
Disciplined capital in income-producing real estate. Nothing more.
Stoneforge was built around a straightforward premise: accredited investors deserve a syndication sponsor who underwrites conservatively, co-invests real capital, and stays operationally engaged after the raise closes — not one who disappears once the PPM is signed.
We focus on small-format necessity retail — strip centers anchored by grocery, pharmacy, medical, and essential service tenants — in secondary U.S. markets where cap rates still reward disciplined buyers. We underwrite conservatively, structure investor-first waterfalls, and manage assets with the same care whether it's our first deal or our fiftieth.
The Business Bible — our 15-point investment doctrine — governs every acquisition decision. Capital preservation is always principle one.
Why Stoneforge
Five things that define how we operate
These aren't marketing claims. They're structural commitments — built into how every deal is underwritten, documented, and managed.
Skin in the Game
We co-invest on every deal — targeted 5–10% of equity. Our capital moves when yours does. When you win, we win. Not before your preferred return is paid first.
Your Return Comes First
The waterfall puts investor preferred returns and return of capital ahead of any sponsor profit share. That's not a pitch — it's how every deal is documented in the PPM.
Operators After the Close
We stay active after funding closes. Quarterly reporting, hands-on lease management, direct oversight of property managers, and active renewal strategy from day one through disposition.
Conservative Underwriting
We model what we can defend. Conservative exit cap assumptions, in-place income at close, disciplined occupancy projections. No deal gets approved on numbers that only work if everything goes right.
The 15-Point Standard
Every opportunity is screened against the Business Bible — a written investment doctrine — before we commit. Not a checklist; a doctrine built around capital preservation and investor alignment.
Investment Focus
Why necessity retail in secondary markets
We didn't pick this asset class by accident. It reflects a deliberate view on where durable cash flow comes from — and where cap rates still compensate disciplined buyers.
Recession-resistant demand
Grocery, pharmacy, medical, and essential services see demand regardless of economic cycles. People don't stop buying food or filling prescriptions when conditions tighten.
Secondary market pricing
Coastal markets have compressed cap rates past the point of rational return. Secondary and tertiary cities with growing populations offer 9%+ cap rates on quality assets.
Operational manageability
Small-format strip retail is operationally manageable at our scale — fewer tenants, simpler leases, and meaningful sponsor oversight on every asset.
Deal Structure
How we structure every offering
The economics are designed around investor protection first. All terms are governed by the PPM and operating agreement — this is an overview only.