Investment overview
Executive summary of Stoneforge strategy, target profile, structure, and investor process—start here for how we think about small-format income properties.
Investor Education
Resource library
Long-form perspectives on small-format necessity retail, private syndication economics, and diligence — written for accredited investors and advisors evaluating private placements. Offering-specific terms always come from the PPM, not from these summaries.
Resource library
Filter by topic—About Stoneforge, investor basics (syndication mechanics), or research-style diligence—or browse all. PDFs and branded decks: request via contact.
Necessity vs discretionary retail
Demand patterns and trade-offs when tenants serve everyday needs versus discretionary spend.
Lease rollover & WALT
How expiration schedules and weighted average lease term shape strip center risk questions.
Cap rates & yield
What cap rate communicates—and what requires NOI, debt, and waterfall context.
Secondary & tertiary markets
Demographics, competition, and why we often emphasize growth metros outside the fiercest cores.
Syndication waterfall basics
Preferred return, splits, and return of capital—why the operating agreement is the source of truth.
Reg D 506(c) overview
High-level private placement context for accredited investors—not legal advice.
NOI & operating expenses
Building blocks of retail NOI and expense lines worth reconciling in diligence.
Sponsor alignment
Co-investment, fees, and incentives—how to read sponsor economics alongside the PPM.
8% preferred returns explained
Priority in the waterfall—not a bond coupon. Splits above the pref and document-first review.
Accredited investor requirements
Why private placements limit participation and how verification works in practice.
Small-format retail opportunity
Necessity retail, the institutional gap, and risks that still matter.
Complete guide to syndications
Long-form introduction to entities, waterfalls, and diligence for accredited investors.