Todd Stender is the Founder & Owner of Stender Fund Management LLC, a private equity real estate firm specializing in single-tenant, triple-net properties and Managing Member of Durable Income Fund I. Todd’s real estate experience came from two decades of working on Wall Street as a senior securities analyst covering the real estate investment trust (REIT) sector at Wells Fargo Securities, Keefe Bruyette & Woods, and Crowell, Weedon & Co. in New York and Los Angeles. Subsectors of expertise included Net Lease, Residential, Self-Storage, Retail, and Healthcare. During his tenure, Todd earned (4) Financial Industry Regulatory Authority (FINRA) securities licenses (Series 7, 63, 86, 87).
Since 2009, Todd conducted due diligence on over 30 IPOs and secondary stock offerings that totaled nearly $10 billion in equity raised. This public capital valuation experience allows Todd to seamlessly transition to capital raising on private real estate transactions.
Todd earned a BA from LaSalle University and an MBA from Pepperdine University. Todd is also a youth sports coach (baseball, softball, basketball, football) for his 2 children and proponent of the early development of leadership skills that he learned as an Eagle Scout in the Boy Scouts of America.
Floor plan images are only representations and actual floor plan layouts may differ slightly than pictured.
Experience: As a former Wall Street REIT analyst for 20+ years, Mr. Stender understands the risk/reward profiles of most commercial real estate property types. After careful consideration, he believes that single-tenant quick-service restaurants (fast food drive throughs) are one of the most defensive properties in the market that can produce some of the most predictable, durable, and stable income streams through most economic environments.
Underwriting / Due Diligence: SFM gives underwriting of tenant’s credit and locations its highest priority and careful consideration of all relevant retail metrics remains paramount in considering new investments.
Low Fee Structure: SFM charges what we consider some of the most investor-friendly fees in the private equity market place: management fees represent 1% of equity raised and acquisition fees that represent 0.5% of asset purchase price, which compare to generally accepted fees that range 1-2% and 1-3%, respectively. In addition, SFM does not share in monthly rental cash flows to limited partners; LPs are distributed 100% of monthly rents. SFM does share in the net proceeds of any property sales with the following split: LPs: 90% / GP: 10%. We believe that this structure provides a transparent, investor-friendly alignment of interests with investors.
Lower Volatility: Stender Fund Management believes that the opportunity exists in the private commercial real estate market for relatively attractive risk-adjusted returns comparable to the public REIT market, without exposure to potentially volatile stock market moves that can add often elevated risk to portfolios and negatively impact cost of capital.
Portfolio Diversification: Most financial planners advocate prudent asset allocation to both equity and debt investments. SFM believes that triple-net leased real estate with an eye toward capital preservation and increasing built-in rent escalators warrants a 5-10% allocation to diversified portfolios.
Accessible Investor Experience: SFM maintains a solid foundation to provide investors with 24/7 access to their investment. SFM uses RealPage, a third-party real estate property management company for investors to view the Fund’s properties, current investment balances, and distribution payment information.
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