THE NORTHEAST DC UPDATE
An In-Depth Look at the Drivers of One of DC's Hottest Quadrants
Bruce Baschuk -- J Street Companies
Bryant Foulger -- Foulger-Pratt
Adrian Washington -- Neighborhood Development Company
Stan Johnson Co has finally landed an Atlanta office director. Joey Odom
was named this week and has packed up and moved
from Stan Johnson's Tulsa office. (At least it won't be much of a temperature change) Joey, 33, says Stan Johnson—which solely focuses on the brokering investment sales of triple-net properties—has a "player-coach"
model, which means he'll be just as active in deals as his staff.
Here's Joey with his wife Cristin
and kids Harrison
, five, and Gianna
, three. The fam just closed on a house in East Cobb. And his hobbies include "unpacking boxes
, both in my office and in my house." He does warn everyone that, when it comes to college football, he will always be "Sooner born and bred."
(Maybe that'll change when he sees a couple of deep balls from Aaron Murray and the 2013 Dawgs.) As for the triple-net market, things have really heated up. Pricing has spiked from just a handful of years ago, with caps having dropped 200 bps
since the peak. "Some guys are getting priced out
, but supply is so low right now, and demand is so high, they're going to have to pay up