Robert A. Stanger
Robert A. Stanger, 65, recognized as the nation’s pre-eminent expert on partnership and other direct participation program investments (DPPs), died April 18 in San Jose del Cabo, Mexico. Stanger, whose wife is an Aspen native, was a part-time Aspen resident.Mr. Stanger founded and built the firm which bears his name, Robert A. Stanger & Co. located in Shrewsbury, N.J., into one of the nation’s leading investment research and real estate investment banking firms.
Prior to the founding of his company in 1978, Mr. Stanger was first vice president in White, Weld & Co.’s investment banking department and later a vice president at Merrill Lynch, where he was among the first to recognize the potential appeal of DPPs to a broad investor base.Mr. Stanger built his company into the leading consulting, research and publishing firm specializing in DPP investments. Within five years, virtually every securities brokerage office in the United States carried a copy of The Stanger Report, the monthly newsletter providing Mr. Stanger’s advice and commentary on this investment niche. An advocate for improved quality of DPP investment products, Mr. Stanger was frequently quoted in the financial press, was featured in a Money Magazine cover story, and he appeared on Wall Street Week. He provided advice to Congress and numerous federal and state regulatory agencies and founded the Investment Program Association, the industry’s trade group.
Mr. Stanger also created one of the largest circulation magazines designed solely for investment professionals, Investment Advisor magazine, and produced professional educational materials for the College of Financial Planning and the American Society of Certified Public Accountants. He graduated in 1961 from Princeton University with a bachelor’s degree in economics.In the early 1990s, Mr. Stanger’s company played a significant role in the rebirth of the real estate investment trust, or REIT, industry, providing financial advisory and investment banking services in more than $20 billion of real estate mergers and consolidations that ushered in a new generation of publicly traded REITs. Mr. Stanger’s philanthropic activities benefited such organizations as The Pingry School, Rumson Country Day School, Princeton University, and Jazz Aspen Snowmass. Mr. Stanger was also a member of the Rumson Country Club and Seabright Beach Club in New Jersey, the Maroon Creek Club and Aspen Mountain Club, and Querencia in Mexico.
Mr. Stanger was predeceased by his parents, Wesley and Sarah. He is survived by his wife, Gail Stanger of Aspen; his brother, William Stanger of Tucson, Ariz.; three daughters, Dr. Catherine Stanger of Charlotte, Vt.; Karen Stanger-Johnston of Fair Haven, N.J., and Amanda Stanger-Read of Ann Arbor, Mich.; his son, Robert A. Stanger Jr. of Calif.; nine grandchildren; and his stepmother, Natalie Stanger of Summit, N.J.Memorial services will be held at a future date. In lieu of flowers, donations may be made in memory of Robert A. Stanger to Memorial Sloan Kettering Cancer Center, PO Box 27106, New York, NY 10087.
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