J. Richard Stephens, Jr
Richy Stephens is a founding member of Newport Development Partners and participates in all areas of the Company’s day-to-day activities and development operations. His responsibilities include land acquisition, feasibility analysis, design coordination, management of general contractors and overall development coordination of the properties from inception through completion, as well as managing all financial aspects of the firm.
Prior to the formation of Newport, Mr. Stephens was a part of Paces Properties, Inc. and Paces Development, where he was actively involved in the company’s development operations. During that period, the group developed several Class A apartment communities; over 300 for-sale condominium units within 5 communities; office and specialty retail space; as well as single family lots throughout metro Atlanta.
Mr. Stephens is a 1997 graduate of Kennesaw State University where he received a Bachelor of Business Administration degree in Finance and is a member of the Urban Land Institute and the Atlanta Apartment Association. He and his family reside in Powder Springs.