The Institute for Portfolio Alternatives (IPA), in partnership with Robert A. Stanger & Company, Inc. (Stanger) released the first in a quarterly series of reports tracking the performance of non-listed REITs. The IPA/Stanger Monitor tracks the total return of non-listed REITs, including 49 lifecycle REITS and seven NAV REITs, with a combined market capitalization of over $49.5 billion.
“The IPA is proud to partner with Stanger on this essential report, which is only the start of a broader initiative to publish data and research on portfolio diversifying investment (PDI) products,” said Tony Chereso, president and CEO of the IPA. “Stanger has long been a leading provider of performance reporting and trend analysis on alternative real estate investment products, and we look forward to increasing awareness of PDI products and their performance.”
“Transformational changes over the past few years have raised the profile of PDIs as an essential investment vehicle for the main street investor,” added Chereso. “Critical to the advancement of PDIs is clear, transparent and measurable performance metrics. Financial professionals deserve reliable performance indexes to assist them in determining which investment options are appropriate for their clients. The IPA and Stanger seek to advance the integrity of that reporting and reflect the true performance of PDIs.”
“Stanger applauds the leadership of the IPA in developing the Practice Guideline for Per Share Investment Performance Measurement and Reporting for Publicly Registered Non-Listed REITs, and we look forward to continuing to provide this performance information over the coming years,” said Kevin Gannon, president and CEO of Stanger. “We are pleased to apply Stanger’s deep knowledge and experience in the industry to create another valuable publication that is useful to not only the REIT boards of directors and sponsors that Stanger services, but also to the broker-dealers and investment advisers who use these products in their own practices serving investors.”
The IPA/Stanger Monitor will be released on a quarterly basis going forward. Performance reporting is based on the IPA Practice Guideline 2018-01: Per Share Investment Performance Measurement & Reporting for Publicly Registered Non-Listed REITs, which was adopted on April 16, 2018.
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About Institute for Portfolio Alternatives
The Institute for Portfolio Alternatives seeks to raise awareness of portfolio diversifying investment (PDI) products among stakeholders and market participants, including: investment advisors, public policymakers and the investing public. It supports increased access to investment strategies with low correlation to the equity markets: lifecycle real estate investment trusts (“Lifecycle REITs”), net asset value REITs (NAV REITs), business development companies (BDCs), interval funds and direct participation programs (DPPs). Through advocacy and industry-leading education, the IPA is committed to ensuring all investors have access to real assets and the opportunity to effectively balance their investment portfolios.
About Robert A. Stanger & Company, Inc.
Robert A. Stanger & Co., Inc. is a nationally recognized investment banking firm specializing in providing strategic planning, investment banking, financial advisory, fairness opinion and asset and securities valuation services to partnerships, real estate investment trusts and real estate advisory and management companies in support of strategic planning and execution, capital formation and financings, mergers, acquisitions, reorganizations and consolidations.
