Marcus & Millichap announced that Steven D. Weinstock has been named national director of the firm’s self-storage division. Weinstock will maintain his positions as first vice president and national director of the firm’s land group division, and regional manager of Marcus & Millichap’s Chicago Oak Brook office.
“Even amid market disruption due to the COVID-19, self-storage is a mainstream investment category that a broad array of investors are interested in,” said Richard Matricaria, executive vice president, Marcus & Millichap. “Steven is well suited to lead this dynamic division given both his experience through multiple real estate cycles as well as within the self-storage sector.”
The division provides commercial real estate investors and owners in-depth market knowledge, asset-specific expertise and transaction services for self-storage properties throughout North America.
“This is an exciting time for the self-storage industry as millennials have integrated off-site storage into their lifestyles, bolstering space demand and sparking innovation,” said Weinstock. “Our team of investment professionals handle every type of storage asset throughout the U.S. and Canada and understands the various needs of investors across the spectrum. I am looking forward to leading the firm’s growth in this sector and further extending our services to clients throughout North America.”
Weinstock began his career in commercial real estate in Michigan in 1989 and joined Marcus & Millichap’s Detroit office as an agent in 2001. He was sales manager of the firm’s Columbus and Cincinnati offices in 2008 and became regional manager of its Chicago Oak Brook office in 2009. Weinstock graduated from the University of Michigan with a bachelor of arts degree in psychology and later earned a juris doctor degree from Wayne State University Law School. Weinstock earned the Certified Commercial Investment Member designation from the CCIM Institute in 1997. He serves on the executive board of the Harold E. Eisenberg Foundation.