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Baltimore Business Journal Names the Arbors at ArundelPreserve “Best Residential Development”

March 25, 2008

Heavy Hitters in Real Estate Award Honors Best Real Estate Transactions

Greenbelt, MD – March 25, 2008 – The Arbors at ArundelPreserve, a joint venture development of Bozzuto Development Company and Somerset Construction Company, has been selected as “Best Residential Development” by the Baltimore Business Journal’s annual Heavy Hitters in Real Estate contest. Each year, the publication honors the best commercial and real estate deals, favoring transactions that created the most jobs, instigated change or set a record.

“Our goal was to create an exceptional living environment in a central location, and to make it available at price level that was attainable to a broad range of potential residents,” said Toby Bozzuto, executive vice president of Bozzuto Development Company. “We’re thrilled that the community resonates with residents of this fast-growing region.”

The Arbors at ArundelPreserve is a 496-unit community located within the master planned community of ArundelPreserve, a 280-acre site near the intersection of the Baltimore-Washington Parkway, Maryland Route 175 and I-295.

Situated less than one mile from the popular Arundel Mills shopping and entertainment district, the community includes an outdoor swimming pool with lap lanes and a fountain, a car wash area, a children’s play area and a landscaped terrace with an outdoor fireplace and grilling area. The community’s clubhouse is comprised of a two-story stone fireplace, a pub-style game room with a large flat-screen television and billiard table, a club-like fitness center, a business center and a media room.

The apartment residences, managed by Bozzuto Management Company, feature one-, two- and three-bedroom plans. Some have been designed with direct access to private garages; others offer appealing loft-style layouts. The Frank Lloyd Wright-inspired architecture and craftsman-style interiors were selected to create a living environment that provides a definitive resort-style feel. Residents enjoy nine foot ceilings, track and pendent lighting, brushed nickel hardware, maple cabinetry, sleek black appliances and six-foot windows.

Delivered in late 2007, Arbors at ArundelPreserve is experiencing the fastest lease pace in the 20-year history of The Bozzuto Group and was the winner of the 2007 Monument Award for Best Garden Style Apartments, awarded by the Maryland-National Capital Building Industry Association and the Northern Virginia Building Industry Association.

Arbors at ArundelPreserve is now leasing. Visit the community on the web at www.arborsarundel.com

About The Bozzuto Group
Headquartered in Greenbelt, MD, the Bozzuto Group consists of six integrated companies - Acquisitions, Construction, Development, Homebuilding, Land Development and Property Management - that together provide a broad range of real estate services. The company is committed to providing quality housing for all, from luxury homes and apartments to affordable housing solutions. Since 1988, the company has developed, acquired and built more than 30,000 homes and apartments. Throughout the Bozzuto Group’s 20-year history, the firm and its principals have been honored with numerous industry awards and honors. For more information, please visit www.bozzuto.com.

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