Publications

Stanger Research Reports

NAV REIT Research Reports are 20-50 page research reports on each NAV REIT in Stanger’s research coverage universe, including a recommendation, financial projections, historical share price performance, overview of investments, valuation summary and valuation trends, historical earnings and payout ratios, an overview of leverage and liquidity, an overview of fundraising and redemptions, a review of advisory fees, a summary of the various share classes offered, and a quality of NAV review.

The NAV BDC Compendium Report is a quarterly report providing an overview of the NAV BDC sector, including aggregate industry statistics, such as total investments, NAV, leverage, investment allocations, and fundraising. The report also includes the Stanger NAV BDC Prime Index, which tracks the weighted average total return performance of all NAV BDCs based on their no-load (or lowest load) publicly offered share classes. In addition, the report provides summary information on the largest NAV BDCs, including our observations and commentary on each company; aggregate investments, debt, and NAV; distribution rates; valuation multiples; historical NAV per share; a summary of total returns; breakdowns of investments by income type, security type, and top 10 industries; fundraising and redemptions; and other
information.

A Total Access Subscription for all NAV REIT Research Reports and NAV BDC Compendium Reports is available for $5,000 per year. The Total Access Subscription also includes all monthly NAV REIT flash reports issued by Stanger, which provide summary information on NAV Per Share and derivation of NAV, total returns, portfolio information, valuation metrics and associated trends, fundraising, redemptions, and other recent events. A la carte subscriptions are also available for $499 per individual NAV REIT Research Report and $599 per individual NAV BDC Compendium Report.

Research Coverage Universe:

Ares Real Estate Income Trust Inc.
Ares Industrial Real Estate Income Trust Inc.
Blackstone Real Estate Income Trust, Inc.
Brookfield Real Estate Income Trust Inc.
FS Credit Real Estate Income Trust, Inc.
Hines Global Income Trust, Inc.
JLL Income Property Trust, Inc.
KKR Real Estate Select Trust Inc.
Nuveen Global Cities REIT, Inc.
Starwood Real Estate Income Trust, Inc.

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The Stanger Report

Published quarterly, The Stanger Report includes vital information to help industry professionals keep abreast of the markets for non-listed REITs, BDCs, and other alternative investments. In each issue you will find:

aggregate market statistics on industry size and fundraising
comprehensive updates on registered offerings
Stanger’s total return performance indices for NAV REITs, Lifecycle REITs, and non-listed BDCs
total returns for identified companies
performance rankings
a summary of how listed REITs and BDCs trade relative to NAV
secondary market trading activity for REITs, BDCs, and other alternative investments
fee structure comparisons
company summaries for all currently effective and newly registered offerings, including, the following:
- aggregate NAV and NAV per share by share class
- offering size
- minimum investment
- sponsor contact information
- targeted investments
- current distribution rate
- redemption provisions
- fee structures by share class
- deployable capital after upfront fees and transaction costs.

The Stanger Report is published quarterly and comes in two parts: one for non-listed REITs and one for non-listed BDCs and other alternative investments.

The Stanger Report is available by subscription for $1,599 per year.

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The Stanger Market Pulse

The Stanger Market Pulse is an exclusive monthly subscription service designed for executive, sales and marketing professionals in the non-traded REIT and DPP industries. The Stanger Market Pulse allows readers to track the latest industry fundraising trends by product type, monitor monthly fundraising results for each public program, compare sponsor fundraising trends and track their organization’s market share.

Readers can also identify “hot” products based on daily sales rates during the most recent month and quarter and compared with average daily sales rate in their industry segment.

The Stanger Market Pulse is available by subscription for $8,925 per year. (Special IPA member rate is $8,000.)

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The Stanger Interval Fund Report

The Stanger Interval Fund Report tracks offerings in the interval fund market, including such interval fund investment categories as debt & fixed income, equities, hybrid (debt & equities), infrastructure, insurance/reinsurance, other and real estate. Each quarterly issue of The Stanger Interval Fund Report includes: overall statistics on the size of the current market; investment category and leading fund sales; redemption and net sales data; timely listings of new registrations, newly effective funds, de-registered and liquidated funds; and performance rankings by share class including distribution rates and total returns over select time periods.

In addition, The Stanger Interval Fund Report provides detailed profiles of each currently effective interval fund. These profiles include: investment focus; aggregate NAV and NAV per share; investment types; annualized distribution rate; fees (including upfront load, trail fees, management fees and incentive fees); other information organized by share class; and summary background on the advisor and any co- and sub-advisors.

The Stanger Interval Fund Report is available by subscription for $1,599 per year.

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