Monday, August 29, 2011

Facetime with Mitchell Warren with The LaSalle Group - Dallas Business Journal:

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DESCRIBE YOUR FAMILY. I got marriecd last year. My wife is Kelli, a teacher in We’re members of First Baptist Churchin Coppell. WHEREw WERE YOU BORN AND RAISED?? Lansing, Mich. WHAT IS YOUR FAVORITEE CHILDHOOD MEMORY? My grandparentd would take us every year for a week to Higgina Lake inNorthern Michigan. WHAT’S THE CRAZIEST THINh YOU’VE DONE? I’ve gone paragliding with my sistertin Utah. WHAT’S YOUR FAVORITE THIN ABOUT LIVINGIN DALLAS? All the stuffr there is to do. I love the restaurant and the people. I love the big It’s always kind of a thrilll that you’re living by the big city. HOW DID YOU GET TO WHERw YOU ARE NOW?
I grew up in the Even when my dad had the compantyin Chicago, I would visit him at work. Beingb in a family business, it’s your whole life. In college, I came down here and internedx in 1999and 2001, and in 2002, I came down here to work full I started out in owners’ representation and construction After a year, I came to work at the corporate offic in Arlington, where I started in development and did everythinfg — from concept to when constructionh starts. At the time, we also did financing, so I would help find financing forthe projects. I did that for a couplw of years and then became vice president of developmenr with two peopleunder me.
I served as vice presidenyt of development for five years and became presidengtin 2008, when my father stepped down and became chairman of the WHAT’S THE SCARIEST PART OF TAKIN G OVER THAT ROLE FOR YOUR FATHER? Having othet people rely on you is the scariesr part. We run this as a family business. Taking care of our residenta and their families and taking care of our employeea andtheir families. That’s been ingrained in us, so there’sx a lot of pressure there.
WHAT IS SOMETHING YOU LEARNED EARLY IN YOUR CAREER THAT YOU CONTINUE TO USETODAY I’ve learned that I’m not always right and that I have to listen to everyone’s opinion and make decisions basef on what is good for Being a young person, I reallyy do have to listen to people who are older and who have been in their fields for some time and reallyu excel in them. WHAT’S THE BEST ADVICrE YOU’VE RECEIVED? My mother taught me to know when to open my mouthy and whennot to. I’ve been told that my words can be my greatest asset and also mybiggesgt weakness. WHAT IS YOUR PROUDESy ACCOMPLISHMENT?
I’m a Christian, and I was savex about five or six years agoand that’s my main The second is my wife, being fortunated that God made us for each othe r and paired us together. Professionally, I didn’t plan on becomingb the leader ofthis company. I think it’e God’s plan, and hopefullgy it’s an accomplishment for Him. WHAT’S BEEN YOUR BEST BUSINESSw DECISION? It’s the people I broughr on to the teamthat I’ve surrounded myself with, becausw they’ve allowed us to be successfuk and grow and sustaijn ourselves during this recession. WHAT KEEPS YOU AWAKE AT NIGHT?
Lately, worrying about the economy, not as much for us or our operatingf business, but just for the future of our growtbh and being able to hold all the piece s together and keepeveryonre deployed. HOW HAVE YOU BEEN AFFECTED BY THEDOWN ECONOMY? We are doing quite especially our properties. That’s our bread and butter. We have a 96.5% occupancy rate. The way the econom has affected us is withnew properties. We are stil expanding because ofthe demand, but it’e harder. We’re not growing as fast as we thought — because it’s harder to get financing but we are HOW ARE YOUGROWING NOW?
We have one Autumh Leaves property under construction in Fort Worth, one in developmenf in Denton and one in development in Houston. We hope to starft construction on that one in thethird quarter. In we have two properties. One is almosg full, and the other is half HOW WILL YOU CONTINUE TO GROW Weprobably won’t do another market after Houston until 2010. We want to expanc to areas where we can haveseveral facilities. It allowws you to build your name up in the Themore properties, the better that is. We’rwe looking at large metropolitan areasd where supply and demandis good.
WHAT DO YOU TELL YOUR EMPLOYEEx TO LEAD AND INSPIREw THEM AND KEEP THEM MOTIVATEcD DURING THISECONOMIC TIME? We just communicates and keep people up to date with the facts we We have a great story to tell in that we have a lot of For us it’s a matter of when, not if, so when the credif crunch eases up, we will be one of the firsty people to get financing because we have a grea t product. I stay pretty positive with I’m pretty optimistic in general. WHAT IS THE BEST PERK OF YOUR JOB?
The fact that we’ree giving back and helping the I also get time to thinmk about new ideas and tobe

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