Plain-spoken writing on grocery-anchored retail, cap-rate fundamentals, lease and deal structure, and the syndication mechanics behind Stoneforge’s acquisitions.
8 notes · updated August 13, 2026
How grocery-anchored shopping centers work as an investment: why the anchor steadies NOI, current cap rates, the real risks, and how to invest.
Read →E-commerce hollowed out malls and commodity retail but left grocery- and service-anchored centers standing. The structural reasons why—margins, immediacy, services that can't ship—and what they imply for investors.
Read →A section-by-section walkthrough of a commercial real estate offering memorandum, what to read, which assumptions to test, and how an OM differs from the binding PPM and operating agreement.
Read →Who qualifies as an accredited investor, why Rule 506(c) offerings require verification rather than a checkbox, what documentation sponsors actually accept, and how 506(c) differs from the quieter 506(b).
Read →A working guide to syndication economics: acquisition and asset-management fees, preferred returns, promotes, catch-ups, and how a pro-rata structure compares to a waterfall on the same deal.
Read →New to net-lease investing? Start with our free Net-Lease Investor Guide.
We'll send the current portfolio brief, a sample deal memo, and an invite to the next quarterly investor call.