No horseplay, guys! Here's Stein Investment's Jeff Stein
beating up partners Jason Linscott
and Adam Sauer
during a recent groundbreaking for the firm's Decatur Street self-storage facility. "Right now, we feel there's tremendous opportunity
in self-storage in Atlanta," Jeff says. "I'm a contrarian
in a lot of ways, and I like to go where the masses don't want to go."
Stein is under way with more than $17M
in self-storage projects here, including the 110k SF, 800-plus unit
project in the Old Fourth Ward (which will also include a coffee bar
). Other facilities: a $6.5M, 90k SF project
on Shallowford Road in East Cobb and a redevelopment
of a former 47k SF storage facility in Stockbridge. Stein has invested in other product types—office, apartments, retail—but Jeff says they now offer fewer opportunities
, especially apartments, which have become expensive with heated demand. The firm wants to buy or develop some 35 facilities
along the East Coast in well-located markets.