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Atlanta Commercial Real Estate

Self-Storage Junkies

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.

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