Stanger provides the following services to a broad spectrum of real estate and management companies, private and institutional investors, and financial services organizations:
Stanger assists real estate operating companies and ownership entities in the evaluation and execution of alternative business strategies, including:
Consolidation – Stanger assists real estate companies and/or management businesses to combine and improve access to equity and debt capital, create operating efficiencies, capitalize associated management businesses, and create a platform for future growth, including private capital investment or access to public equity markets. Stanger’s consolidation assignments have included: formation transactions for traded REIT IPOs; consolidations and recapitalizations of private entities; consolidations of tenant-in-common interests; and mergers of private entities into existing public entities.
Capital Formation & Financing – Stanger assists in raising equity and debt capital for real estate companies seeking capital to expand their businesses and portfolio holdings. Such funds may be used for property acquisitions or development, acquisition of limited partners or joint venture interests, and preparation of a management company as an IPO platform.
Bulk Asset Sales/Mergers – Stanger assists in the evaluation of strategies wherein real estate assets and management businesses are simultaneously sold or merged into existing private or public real estate companies. Stanger assists in the structuring of such transactions on a tax deferred basis, where appropriate, and provides financial advisory services regarding negotiation of the terms of asset/business contribution agreements. Stanger also assists entities in the sale of real estate portfolios to REITs and institutional investors. Such assignments typically include a “ground up” property level review (property inspections/historical performance review), preparation of pro forma projections, preparation of offering materials, bid solicitation from potential acquirers, bid review, negotiation, and assistance in the preparation of final contracts.
Real Estate Advisory and Management Company Restructuring/Sales – Stanger has also been actively involved in the sale, merger, internalization, and restructuring of real estate advisory and management companies and general partner interests. Stanger is a leading provider of financial advisory services in consolidation transactions involving the merger of REITs or real estate assets with advisory and management businesses. Restructuring transactions may also involve the provision of capital for the purpose of consolidating real estate assets with the advisory/management company.
Fairness Opinions – Stanger will conduct independent analyses and render fairness opinions to assist real estate companies in merger, acquisition or other strategic transactions. Such opinions are typically rendered in the context of asset sales, consolidations of real estate entities, mergers, and a variety of transactions involving sponsor and management company businesses.
Real Estate Appraisals
Stanger is one of the few nationally recognized financial advisory firms that also offers real estate appraisal services. On an annual basis, Stanger appraises real estate assets located throughout the United States, Canada and Europe. Stanger has extensive experience in the appraisal of all property types including office, retail, industrial, multifamily, healthcare, hotel, self-storage, net lease, and land. Stanger’s intimate knowledge of valuation issues relating to real estate assets and Stanger’s exposure to market transactions and information provide useful support for its financial advisory services.
Data Collection and Valuation
Independent Securities Valuation
Stanger is a leading provider of independent security valuations to Wall Street firms, bank, trust companies and other custodians. Stanger’s experienced analysts conduct independent reviews of financial statements and use proprietary databases, capital market and other industry information to determine security valuations. Stanger’s methodology incorporates traditional business valuation techniques which may include:
- Asset Accumulation/Net Asset Value Approach
- Capital Market Valuation Approach
- Sales Comparable Approach
- Income Approach
Valuation Data Collection & Reporting Services
Stanger provides services to major NYSE-member wire houses and clearing firms, regional broker-dealers, and major banks and trust companies. Stanger maintains a database of over 27,000 alternative investment securities and has been providing valuation data collection and reporting services for over 25 years.
Stanger’s Account Statement Valuation Reporting Service is designed for trustees, custodians, broker/dealers and clearing firms to assist FINRA broker-dealers with reporting of untraded securities values and prices on customer account statements and non-FINRA member banks, thrifts, and trust companies which offer trust and custodial services for IRA and other ERISA accounts to provide valuations to IRA/Custodial account holders. Stanger provides valuations on a monthly, quarterly or annual basis in a secure and fully automated electronic environment that links each security to the client’s internal securities identification number.
Stanger’s Valuation Collection and Reporting Service also allows subscribers to collect UBTI data.
Product and Distribution Consulting
With is extensive industry experience and insight, Stanger provides product structuring and distribution consulting designed to seek to maximize capital raising opportunities for alternative investment asset managers
You are an alternative asset manager with a track record of success raising capital from institutions or other key sources and now considering tapping into the individual investor market. Stanger can help you determine if the rapidly expanding “retail” market aligns with your specific business objectives, investment strategy and economic goals.
Stanger works with entrants considering retail distribution to:
- Assess the appropriate offering structure and distribution channels while developing a plan for retail fundraising.
- Evaluate the time frame and resources required for success in the capital raising initiative including budgeting, hiring of personnel, and assessing key operating systems.
- Implement an impactful fundraising launch including the preparation of due diligence materials, development of marketing materials and launch campaigns, design of compensation plans, sales team training, implementation of oversight and measurements of success.
Stanger also works with established alternative asset managers to:
- Re-evaluate distribution plans designed to build on current capabilities while potentially utilizing targeted resources to seek to further maximize the fundraising opportunity.
- Assist with revamping sales messaging to effectively tell an asset manager’s unique story.
- Thoroughly train a sales team on the evolution of non-traded alternative investment products, the asset class and the competitive landscape to effectively compete for market share in today’s expanding opportunities within wirehouse, RIA, private wealth and independent broker-dealer channels.