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Bozzuto Development Company Promotes Toby Bozzuto to President

January 07, 2009

Greenbelt, MD - January 7, 2009 - Bozzuto Development Company today announced the promotion of Toby Bozzuto to President. Previously, he served as Executive Vice President.

"Toby brings a tremendous level of industry knowledge to Bozzuto Development Company," said Rick Mostyn, Chief Operating Officer, The Bozzuto Group. "His innovative approach to development has been integral to the continued success of the organization and we are thrilled to have him lead the company."

Mr. Bozzuto joined Bozzuto Development Company in 2001 and in 2007 was named a Partner of The Bozzuto Group of companies. He was previously a financial analyst with J.P. Morgan Chase's Real Estate Debt Group, and was also with Columbia National Real Estate Finance.

Mr. Bozzuto holds a Bachelor of Arts degree from Colgate University as well as a Master of Science degree in Real Estate Development from New York University. He is Vice Chairman of the Urban Land Institute's Baltimore District Council and serves on the Catholic Charities Building Committee.

Bozzuto Development Company is a subsidiary of The Bozzuto Group, which was co-founded and is led by Thomas Bozzuto, Toby Bozzuto's father. Bozzuto Development Company has more than 1,800 rental units in the pipeline or under construction throughout the Mid-Atlantic and Northeast regions for projects that range from urban high-rise properties to neo-traditional suburban communities, from affordable housing to senior living residences.

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