Stoneforge Investments
Portfolio · Past & present

Numbers,
not narratives.

Every property Stoneforge has acquired. Each one closed all-cash, anchored by a real tenant on a real lease, and operated for quarterly distribution from day one.

Deals closed · 4
States · NY · PA · OR
Aggregate SF · ~272,000+
Capital structure · 100% cash
Capital calls past closing · 0
Every closed deal

The list, in full.

Filter by status, state, or vintage. Currently every Stoneforge deal is closed and held — no active syndications open at the moment.

Status
State
Vintage

Closed · 4 properties

~272k SF aggregate · all-cash
Shoprite Plaza
CLOSED · 2022
Shoprite Plaza
Ulster County, NY
AnchorShopRite
56,555
SF
Absolute NNN
Structure
Held
Status
Grocery-anchored neighborhood center, 46,750 SF anchor.
View deal memo →
Burnt River Farms
CLOSED · 2023
Burnt River Farms
OR–ID border
AnchorSpecialty NNN
Specialty
SF
Absolute NNN
Structure
Held
Status
Long-term absolute NNN lease with contractual escalations.
View deal memo →
Braddock Hills Retail Portfolio
CLOSED · 2023
Braddock Hills Retail Portfolio
Pittsburgh, PA
AnchorGrocer-led
~97,546
SF
NNN portfolio
Structure
Held
Status
Five-parcel retail footprint in a high-traffic trade area.
View deal memo →
Wayne Heights Shopping Center
CLOSED · 2024
Wayne Heights Shopping Center
Waynesboro, PA
AnchorALDI
~117,951
SF
NNN
Structure
Held
Status
ALDI-anchored corridor along Route 16.
View deal memo →
No active syndications
When a deal opens, accredited investors get first look 14 days before listing.
Upcoming · under review
We see ~400 deals a year. The ones that clear the doctrine land here.
Where we own today

Four properties, three deliberate markets.

We follow fundamentals, not zip codes. Today that means New York, Pennsylvania, and Oregon — markets we know well enough to underwrite at depth and visit on short notice.

United States map showing Stoneforge property locations
Burnt River FarmsOregon–Idaho border
Braddock Hills Retail PortfolioPittsburgh, PA
Wayne Heights Shopping CenterWaynesboro, PA
Shoprite PlazaUlster County, NY
Closed

4

Properties

3

States

$32M

AUM

We're newly established and intentionally small. Every property is one we've walked, underwritten line by line, and could drive to from our office. As we grow, that bar doesn't move — we'll add capacity before we add zip codes.

Cadence

Quarterly distributions, paid from cash flow.

We don't pay distributions from borrowed money. Every quarter listed below was paid from in-place NOI, after operating expenses, with no debt service to clear first.

Q1
'23
Q2
 
Q3
 
Q4
 
Q1
'24
Q2
 
Q3
 
Q4
 
Q1
'25
Q2
 
Q3
 
Q4
 
12
Consecutive quarters
100%
From operating CF
0
Missed distributions
Performance disclosure. Past performance is not indicative of future results. Realized figures are net of all fees and expenses to LPs. Currently-held figures are unrealized and subject to change. This page is informational and is not an offer to sell or a solicitation to buy any security. Detailed methodology is available in the investor data room to verified accredited investors.
Six rules we don't break

The Doctrine.

Every Stoneforge deal passes through six tests before it ever reaches an investor inbox. Miss one, kill the deal.

№ 01

Capital preservation first.

We'd rather miss a good deal than take a bad one.

№ 02

Conservative underwriting.

T-12 actuals only. We model what's collected, not pro-forma.

№ 03

65% LTV maximum.

Fixed-rate preferred. Floating only with a paid rate cap.

№ 04

Necessity over discretionary.

Grocery, medical, services. Things people drive to in a rainstorm.

№ 05

Skin in the game, every deal.

5–15% GP equity. Our money sits next to yours from day one.

№ 06

Monthly transparency.

Real-time portfolio visibility. No black boxes.

Verified accredited investors only

Want the full deck?

We'll send the current portfolio brief, a sample deal memo, and an invite to the next quarterly investor call.

Read the strategyRequest the deck →