The William Warren Group recently promoted Tim Hobin, 51, to chief investment officer. His duties include leading the real estate team to deliver on investment strategy, to mentor leadership and to foster investment return and growth objectives.
WWG is a nationally known powerhouse in self-storage management, acquisitions and development. The company operates its facilities under the StorQuest brand name. Hobin has been at WWG, which operates in 18 states, for 20 years. He previously served as executive vice president of real estate, where he helped guide hundreds of projects through development; built and managed a real estate team of more than 25 professionals; and helped boost the company’s national footprint to more than 200 locations.
How, exactly, does he keep track of all this?
“Our growth has been very controlled and cautious,” Hobin said. “We’ve turned up the volume coming out of the 2008 recession.”
The company started expanding its team in 2011 after a few years of working on just a handful of development-acquisition deals following the 2008 Great Recession.
“Today our goal is 30-plus facilities per year and my role has evolved to just making sure that we have the resources in place to make that happen,” Tobin said. “Resource allocation is really my primary role, making sure that we have the right people, right systems, right data processes people in place.
“I’m not the sole decision maker,” he said. “We have a real estate committee, which I’m in charge of making sure we have everything we need when it’s time to make a decision on a new opportunity.”
Once a property is operational, it falls under the purview of President/CFO Clark Porter. The other partners are COO Gary Sugarman and CEO William Warren Hobin (brother of Tim Hobin, also a partner).
We talked with Tim Hobin following his recent promotion.