Greenbelt, Md. – September 9, 2015 – The Bozzuto Group today announced that Toby Bozzuto has been named Chief Executive Officer. In this role, he becomes responsible for providing strategic as well as day-to-day leadership of the company, in addition to helping guide future growth of all four of the company’s operating businesses.
Current CEO Tom Bozzuto will remain in the role of chairman of The Bozzuto Group, continuing to be an active member of the Investment Committee, overseeing Asset Management and expanding his role in securing equity for the company’s projects. In addition, Tom will continue to have a dominant influence in maintaining and growing the corporate culture of the company.
“A great deal of thoughtful and transparent planning has gone into this transition over a very extended period of time,” stated Tom Bozzuto. “The Bozzuto Group is stronger now than at any point in our 27-year history and Toby brings to its leadership an energy and enthusiasm for innovation combined with a respect for our heritage. Under Toby’s leadership, we will continue to build upon our strong business relationships while always striving to create extraordinary experiences for all our customers.”
Toby has been with the company for more than 14 years and in 2007 was named partner and director of the company’s Apartment Development Operations. He has served as president of The Bozzuto Group since 2013. Prior to that, Toby ran Bozzuto’s apartment development operation. Under his leadership the company started more new apartment projects than at any other time in its 27-year history.
Toby was named one of the “Ten Faces to Watch in 2015” by the Baltimore Business Journal and one of Maryland’s Most Influential Leaders by the Daily Record and “Developer of the Year” by the Maryland Building Industry Association.
He previously worked with J.P. Morgan Chase’s Real Estate Debt Group, and was also a financial analyst with Columbia National Real Estate Finance. In 2010, Maryland Gov. Martin O’Malley appointed Toby to a seat on the Maryland Health and Higher Education Facilities Authority. He also serves on the National Advisory Board for the Urban Land Institute Terwilliger Center for Housing, the Board of Trustees for the Kennedy Krieger Institute, the Board of Trustees for The Gilman School and is a member of the ULI’s Baltimore District Council. He serves as a regular guest lecturer for the Harvard University Graduate School of Design, the Johns Hopkins Carey School of Business real estate program and Georgetown University.
“My father and I share the same goals for this company,” stated Toby Bozzuto. “We have created a corporate culture based on our core values of concern for the communities and people we touch, creativity and passion in our approach to the business, and the pursuit of perfection in all we do. The Bozzuto Group will remain a privately owned company guided by integrity and committed to providing great opportunities for our team of exceptional talent and we will continue that way.”
“We have a strong team of senior leaders who, along with me, will continue to guide our success,” Toby adds. “Together, we are creating new opportunities for growth and building a corporate culture for generations to follow.”
Headquartered in the Washington, D.C. area, and celebrating its 27th year in business, Bozzuto is a diversified residential real estate company that creates extraordinary experiences of home and community throughout the Mid-Atlantic and Northeast. The company’s areas of expertise lie in homebuilding and multifamily development, as well as construction and management both for itself and its clients. The National Association of Home Builders has recognized Bozzuto as the nation’s premier apartment development company, and twice as management company of the year. In April 2015, Multifamily Executive Magazine and J Turner Research named Bozzuto as the nation’s Top Property Management Company for Online Reputation due to delivering exceptional resident service.
Throughout Bozzuto’s 27-year history, the company has developed, acquired and built more than 38,000 homes and apartments and currently manages more than 50,000 apartment units spread along the East Coast between Northern Virginia and Boston. The company is committed to providing quality housing for individuals of all income levels, producing and managing everything from luxury homes and apartments to affordable housing solutions. For more information, please visit www.bozzuto.com.
Source: The Bozzuto Group