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BOZZUTO CELEBRATES QUARTER CENTURY IN BUSINESS

Bozzuto 25 years

Bozzuto 25 years

On April 4th, Bozzuto celebrated its 25th anniversary with a fête like no other at Baltimore’s American Visionary Arts Museum.

With more than 300 employees in attendance, fun was had by all, as attendees viewed the “Bozzuto History Museum”, a collection of items showcasing the history of The Bozzuto Group, and danced the night away to a 10-piece live band.

Congratulations to everyone at Bozzuto whose hard work has contributed to this remarkable accomplishment!

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GRAND OPENINGS AND GROUNDBREAKINGS DOMINATE SPRING & Summer AT BOZZUTO

It has been a busy season here at The Bozzuto Group, as a flurry of activity surrounding the start of construction and leasing efforts for several new Bozzuto-owned communities kept everyone busy.

Brookland Works, the first building in Phase I of Monroe Street Market, commenced preleasing efforts and the response has been tremendous. In the first seven weeks, the team pre-leased 46 apartments or 30.26% of its 152 units.

Crosswinds, a vibrant community of 215 modern apartment homes surrounded by the shopping and award-winning restaurants of Annapolis Towne Centre, also began leasing. Crosswinds is Bozzuto’s second community within the Annapolis Towne Centre.

The third Bozzuto community that commenced leasing was Flats 170 at Academy Yard, 369 upscale contemporary apartments located in Odenton, Maryland. The Flats 170 team hit the ground running – they signed their first lease within the first hour the leasing center was open!

Lastly, in early May, Bozzuto and the Peterson Companies broke ground on the first apartment community at National Harbor, The Esplanade. The community is being co-developed by Bozzuto Development Company and the Peterson Companies, National Harbor’s master developer.

A busy season means a busy year, so keep up the great work!

Bozzuto 25 years

Bozzuto 25 years

Bozzuto 25 years

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Corporate Spotlight

EMPLOYEE SPOTLIGHT : Emmanuel “Manny” Egoegonwa
Assistant Project Manager, Bozzuto Construction Company

1. What is your most important responsibility in your current position?I’m currently in a transition mode from pre-construction to Project management. However, my most important responsibility is making sure the subcontractors are providing what is required in the documents at the right price.

2. How did you become interested in the industry?As a young boy, I always had an interest in buildings. I decided to learn how to design them in college, and then decided that I wanted to know how they were built with the intent to own.

3. What do you like most about working at Bozzuto?Working at Bozzuto is like being the close buddy of a celebrity. Such that, when you’re not hanging out together, you still get the fanfare. Everywhere I go, I am always proud to say I work for Bozzuto and so far, everyone can’t stop raving about the awesomeness that is Bozzuto.

4. What do you like to do in your off hours? Any hobbies? For the most part, I just like to relax. Once in a while I hit the courts and play a game of tennis or go running (sprints). I also love DC lounges; my favorites include 18th St Lounge, Gazuza, and Chi Cha Lounge.

5. What’s one thing your colleagues would be surprised to learn about you? I have never had onion rings.

6. What music are you currently listening to? …I really wasn’t listening to music, but if I were listening to music, it will probably be some Nigerian hip-hop song or some European House mix. When you run into me around the office, certainly stop me and ask for a Nigerian hip-hop recommendation, if interested.

7. What do you enjoy reading: favorite magazine/book? I enjoy reading news, financial, and fashion articles sparingly. I do a lot of my readings via various sources online as I don’t fancy the single source idea. I don’t have a favorite magazine, but when I pick up a hard copy magazine to read, I enjoy Forbes, Time, or GQ.

8. What personal achievement are you most proud of? I bought my first piece of real estate at age 25.

9. If you could go anywhere on your next vacation, where would you go? Boracay Island – It’s an Asian pacific island in the Philippines. Look it up, you might want to join me.

10. What advice do you have for new Bozzuto employees regarding being successful? Do your job well.

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TOM BOZZUTO INTERVIEWS HILLARY CLINTON AT NMHC

On April 24th, Tom Bozzuto had the pleasure of interviewing former Secretary of State Hillary Rodham Clinton at her first paid speaking engagement since leaving office during National Multi-Housing Council’s Council Quarterly Board of Directors meeting in Dallas, Texas. Tom, who is the current chairman of MNHC, asked questions of Secretary Clinton against the backdrop of speculation over a possible second run as the Democratic presidential candidate and an upcoming book deal detailing her time as Secretary of State. The lively interview provided a candid discussion on focused on foreign affairs such as the Arab Spring and North Korean aggression, as well as domestic issues such as the nation's spiraling deficit.

A spectator in the audience, Julie Smith recounts the interview in her own words:

“Tom masterfully led the hour-long discussion asking Mrs. Clinton detailed questions about our position in the Middle East, Asia and our domestic policies. He opened the interview by addressing the elephant in the room – whether or not Mrs. Clinton had made the decision to run in the 2016 presidential election. The former Secretary, First Lady and two-term New York Senator told the audience that she was looking forward to relaxing a bit as she transitioned back to civilian life. It was a skillful dodge but we all were left with the impression that the door was certainly left open.

When asked about what kind of leadership is needed to get anything done in Washington, Mrs. Clinton was adamant that willingness to compromise is missing from the debate in Washington today and is truly the only way to get anything done. She was clear that no one side gets 100% of what they want, but that history had shown that leaders who were dogmatic in their approach, willing to negotiate and dedicated to work tirelessly to advance their platform were ultimately successful. She was emphatic that one just has to keep at it and that hard work was a prerequisite. She was also adamant that “evidence-based decision making” was required in any aspect of politics or business.

Tom then shifted the discussion to leadership and asked who had been most influential in her life. Mrs. Clinton shared that Nelson Mandela, the former President of South Africa, and leader of the historic Apartheid movement, was at the top of her list. His ability to lead from a position of kindness had a lasting impact on her, as she has spent her entire career and as advocate for the protections and rights of both children and women.

Tom then inquired as to whom she considered to be her personal and professional mentors. She shared gratitude to her parents for giving her courage, conviction and opportunity. She also referred to Marian Edelman, the founder and president of the Children’s Defense Fund, as a friend and role model, and our own Senator Barbara Mikulski (D – Maryland) for taking her under her wing and showing her the ropes as a freshman Senator.

Tom and the former Secretary of State established a wonderful rapport it was clear that she was at ease with him. Mrs. Clinton told Tom it was one of the best interviews that she had experienced and that maybe he had missed his calling. We hope that he intends to keep his day job!

Tom, once again you have made us proud to be a member of The Bozzuto Group.”

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TOBY BOZZUTO NAMED “STAR TO WATCH” BY CPE MAGAZINE

Commercial Property Executive has named Toby Bozzuto as one of its 2013 “Stars to Watch,” a list of just 17 rising leaders in the commercial real estate industry that exhibit initiative, creativity and insight. In the article, Toby discusses his most memorable achievements, the best advice he’s ever received and offers his advice to others in the industry. View the complete article here:

http://www.cpexecutive.com/business-management/stars-to-watch/stars-to-watch-toby-bozzuto/

Congratulations Toby!

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ACCOUNTING TEAMS GATHER FOR LUNCHEON

Dan Murphy, Bozzuto’s CFO, recently hosted an luncheon for accounting employees of all divisions of The Bozzuto Group. Each controller provided an update regarding portfolio growth and statistics over the past year, as well as forecasts for the next 12-18 months. Dan then provided an overview of the financial health of the company, as well as plans for continued success and profitability. Toby Bozzuto also joined the meeting, where he shared his vision for the company and emphasized the importance of the accounting teams as pillars within the company.

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LEARNING & DEVELOPMENT LAUNCHES NEW LEADERSHIP PROGRAMS

A new series of leadership programs are now available from the Bozzuto Learning and Development Department. The sessions are designed to provide the skills necessary for supervisors and managers to become more effective leaders. Whether a new or existing manager in BCC, BDC, BHI, BMC, or a corporate position, there is a program that will benefit you. The new programs include:

  • Leadership and Development
  • Developing Your Employees
  • Creating the Bozzuto Experience
  • Performance Management
  • Communicating for Success
  • Maximizing Your Hiring Success

To learn more about the sessions and to view the complete program schedule, visit the Learning and Development page on the Bozzuto Intranet.

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BOZZUTO AGAIN BESTOWED WITH BEST PLACES TO WORK AWARD

For the sixth time, and the fifth year in a row, The Bozzuto Group has been selected as one of the “Best Places to Work” by the Washington Business Journal. The winners were selected based on the results of online confidential surveys completed by employees.

In an email to the company, Tom Bozzuto wrote, “We are absolutely delighted to be recognized again by the Washington Business Journal and will continue in our efforts to make Bozzuto not just a great and successful company, but a rewarding place to work,” said Tom Bozzuto, CEO of The Bozzuto Group. “We think this is recognition of the fact that our employees feel challenged, appreciated and motivated, which benefits not only our company, but, more importantly, our customers, our clients, and our partners. Among all honors and awards this company has received, this one means the most because we received it as a result of our employees’ votes.”

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BOZZUTO “GREEN MACHINES” PARTICIPATE IN JDRF REAL ESTATE GAMES

More than 150 Bozzuto employees joined the Bozzuto team – the “Green Machines” – for the Juvenile Diabetes Research Foundation’s 2013 Real Estate Games, exceeding our goal of 100 participants.

An annual fundraising event put on by the Capital Chapter of the JDRF, the JDRF Real Estate Games featured events such as running, golf, ping pong, foosball, volleyball, and the 3-legged race, and were held on June 13th at American University in Washington, DC.

More than 2,000 individuals from the commercial real estate community participated and competed (including many of our competitors!).

The Green Machines gave it their all as they embodied our core value of Concern by supporting those in need!

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BOZZUTO WELCOMES DAUGHTERS AND SONS TO WORK DAY

On April 25th, Bozzuto again participated again in the national Take Your Daughters and Sons to Work Day initiative, this year welcoming 40 children to the Greenbelt corporate headquarters. Activities for the day included decorating their own hard hat, designing their own construction scene, an office tour and a scavenger hunt. The kids (and their parent) enjoyed waffles and scrambled eggs for breakfast and Chick-fil-A for lunch, followed by an ice cream sundae bar, and each participant was given a backpack filled with Bozzuto goodies.

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25 FOR 25! FACEBOOK PROMOTION KICKS OFF WITH CUPCAKES

To commemorate its quarter century anniversary, Bozzuto has launched its 25 for 25! Sweepstakes, the company’s biggest social media promotion yet. On the 25th of each month, Bozzuto is giving away 25 of its favorite things, like 25 cupcake deliveries in May, 25 fitness items in June and 25 baseball tickets in July. For a chance to win, fans of Bozzuto can enter daily on Bozzuto’s Facebook page.

In addition to the digital campaign, Bozzuto Management communities are hosting onsite events to go along with each month’s theme.

To check out the 25 for 25! Sweepstakes, visit Bozzuto’s Facebook page or bozzuto25.com/25for25, and keep checking back – the prizes are seasonal and will change monthly.

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BOZZUTO DEVELOPMENT COMPANY

CONGRATULATIONS TO VPOINT TEAM FOR HAND AWARD

The Housing Association of Non-Profit Developers (HAND), a membership association dedicated to supporting the community development industry in its efforts to increase the supply of affordable housing in the Washington, D.C. area, recently awarded vPoint the 2013 Innovation Award at its annual Housing Achievement Awards. Bozzuto partnered with The Views at Clarendon Corporation to develop vPoint, which has been widely lauded as a tremendous step in providing affordable housing for Arlington, VA. According to HAND:

“vPoint’s innovation stems from the combination of three unique attributes— its mixed-uses, its environmental attributes, and its dedicated partners. This project’s success is evidenced by the nine-year journey to overcome neighborhood resistance and financial challenges to see affordable housing brought to a high-cost community in need of housing for all incomes. The successful completion of the project was a testament to the many partners who never gave up the dream of affordable housing in this high-cost area. vPoint’s much-needed, transit-oriented affordable housing complements and enhances nearby revitalization and redevelopment initiatives, helping to ensure Arlington’s future is affordable for all.”

Congratulations vPoint team!


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DEVELOPMENT PROJECT UPDATES

CROSSWINDS AT ATC Annapolis, MD: Exterior brick was complete early May with Hardie siding, Nichiha and storefront following suit. Site and flatwork began in mid-April and will run through June. The first units will deliver July 1st with rest of units delivered in phases through September.

THE BEACON AT WAUGH CHAPEL Gambrills, MD –Certificate of occupancy has been issued for all 137 units. The courtyard flatwork, irrigation and electrical work in the courtyard of Building C continues, landscaping and yard furniture installation continues, final unit painting in building C1 continues, and final paint in the corridors has been started.

Our PIERCE QUEEN site plan was unanimously approved by the Arlington County Board. This mixed income community will offer 193 apartment homes, 78 of which will be affordable to households earning either 50% or 60% of area median income. In order to realize such a commitment to affordable housing, we have filed an application with the Virginia Housing Development Authority for Low Income Housing Tax Credits. We are partnering with Wesley Housing Development Corporation.

THE ESPLANADE AT NATIONAL HARBOR broke ground on May 8th! Our 262 apartment homes with The Peterson Companies will be the first multifamily rental project in National Harbor, a 300-acre, mixed use development located right on the Potomac River with killer views to both Old Town Alexandria and our Nation’s capital. With exciting retail, restaurant, and entertainment offerings, National Harbor is synonymous with quality.

POROMAC YARD’S building permit set was submitted to the City of Alexandria on April 30. Our 249 unit, wood-frame residential building will be ideally located along U.S. Route 1, just north of Old Town and immediately south of Crystal City. The development is well poised to take advantage of high demand in this attractive submarket. Project partners include MGL Partners out of Denver and Pritzker Realty Group.

The construction of 537 apartment homes in a rigorously mixed-use environment is well underway at THE CADENCE AT CROWN FARM in Gaithersburg, MD. We are bringing a Downtown to Crown alongside retail developer JBGR, and with our partners at Northwestern Mutual Life who have provided both debt and equity to the project. With framing moving along, mechanical and plumbing roughed in on both buildings, and precast garages in place, we are well on schedule for first unit deliveries in the first quarter of 2014.

FLATS 170 Odenton, MD :Flat170’s leasing efforts have begun. First residents moved into the community in late June and the clubhouse and pool are expected to deliver in late August or early September..

CATHEDRAL COMMONS Washington, DC The South Parcel of Cathedral commons is well under way with ongoing MEP groundwork and concrete operations. The North Parcel GeoPier operations are 85% complete and the team anticipates erecting the third tower crane by mid-July, which will trigger the North Parcel concrete operations. The team just received their excavation permit for the site wet utilities so will be closing the first section of Idaho Avenue in the coming weeks in order to commence storm and sanitary main work.

MONROE STREET MARKET Washington, DC John Heagy leads the project at Monroe Street Market, a mixed-use community consisting of three distinctly styled apartment communities, as well as retail space. The first community, Brookland Works, which includes 152 apartment units and 27 work only artist studios, has begun leasing and has welcomed its first residents as of July. The second community, Portland Flats, will deliver in Fall 2013 and the third, Cornerstone, will deliver in Winter 2013/2014.

THE ESPLANADE AT NATIONAL HARBOR: Oxon Hill, MD

THE CANDENCE AT CROWN FARM: Gaithersburg, MD

CROSSWINDS AT ANNAPOLIS: Annapolis, MD

BEACON AT WAUGH CHAPEL: Gambrills, MD

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BOZZUTO CONSTRUCTION COMPANY

BCC PROJECT UPDATES

EAST SIDE FLATS-Malvern, PA

The project in Malvern has been officially named East Side Flats. Project manager, David Byzek, reports that finishes in Building A are currently underway. The exterior skin of this building has begun, which is a combination of brick, Hardie plank, Metal panels, Stucco, EFIS and Vinyl siding. Building B framing started in March. The structural concrete was completed April 10th giving the framer the complete building. We are having the first two thirds of the building built first from the concrete deck to the roof to allow for the mechanical trades to get started.

O'DONNEL HEIGHTS-Baltimore, MD

Project manager, Jason Randle reports that demolition of all underground utilities is complete, and the installation of sanitary sewer, storm sewer and water ongoing. Permanent underground storm water management facility has been finished and backfilled to final grade. Phase 1 &2 building pads are currently being brought up to grade. Fill import is ongoing, and is currently 1/3 complete.

NANNIE HELEN-Washington, DC

Jennifer Dmytryshyn, project manager of Nannie Helen reports that the interior finishes are nearly complete with punch-out. Owner walks started with unit turnovers underway. Exterior skin and storefront continuing with landscaping, flexi-pave, and concrete walks started.

PETWORTH SAFEWAY-Washington, DC

The Petworth Safeway team continues to push the concrete. G1 walls and columns have begun. All concrete slab on-grade for is 100% complete and all walls at the G2 level have been completed. Nearly 70% of the G1 level decks are complete and by mid-June they will be 100% complete. Underground MEP work has been completed, and MEP rough-ins in the deck are on-going. Utility work in the public space is on-going. The waterproofing continues to be installed ahead of the concrete work.

TYLER HOUSE-Washington, DC

The project consists of a 10-story high rise building with 284 units, located at the corner of New York Avenue and N. Capitol Street NW. The scope of work consists of a phased renovation where the residents will be relocated during the unit renovation work. The owner’s notice to proceed was received in late June.

KINGSVIEW VILLAGE-Germantown, MD

The Kingsview project consists of 196 apartment units in three elevator accessible style residential buildings, four stand-alone parking garages, a two level clubhouse, a pool, and a tot lot. All building footings are 90% complete, clubhouse foundation walls are complete, and underground utilities are underway. The clubhouse is expected to be delivered in October 2013 and first move-ins begin November 15, 2013. Final construction is scheduled for completion in April 2014.

ARBOR HEIGHTS-Arlington, VA

The Arbor Heights project consists of the renovation of 198 apartment units (including 4 ADA units) with new finishes throughout including updated kitchens and bathrooms, the installation of asphalt shingle roofing, as well as new mechanical, electrical, and plumbing systems, 13 new laundry rooms, and the renovation of the leasing and maintenance offices. Construction is scheduled for completion in Winter 2014.

EASTSIDE FLATS: Malvern, PA

NANNIE HELEN: Washington, DC

MONROE STREET MARKET (CUA): Washington, DC

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BOZZUTO MANAGEMENT COMPANY

BMC UPDATES

Thanks to consistently stellar resident and client service, Bozzuto Management Company continues to experience growth throughout our geographic footprint. Please join us in welcoming these new communities to the Bozzuto family.

  • Arcadia Run
  • The Dylan
  • Gatehouse 75
  • Atmark
  • Eastside Flats
  • City Market at O
  • Creekstone (June pre-leasing)
  • Station at Manayunk (July pre-leasing)

CREEKSTONE

ATMARK

GATEHOUSE 75

ARCARDIA RUN

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BMC’S SUMMER INTERNSHIP PROGRAM KICKS OFF

This year, Bozzuto Management Company’s summer intern program will be the largest in the company’s history, with approximately 20 interns assigned to various communities throughout the portfolio. With a record-breaking need for interns, Bozzuto’s Talent Acquisition team embarked on an aggressive campaign last fall to identify candidates. As a result of those efforts, the team secured a diverse group of rising juniors and seniors from an impressive roster of universities including Hobart and William Smith Colleges, University of Maryland, George Mason University, Salisbury, Temple, The George Washington University and Penn State.

Throughout the 6-8 week internship program, participants are tasked with a variety of operational and financial management duties, while having the opportunity to interface with senior leadership, participate in challenging marketing projects, plan a community event, and network with other interns and residents.

Interns who successfully complete Bozzuto’s internship program are often offered full-time opportunities upon graduation. This is a win-win for both parties, as the student is familiar with Bozzuto’s environment, culture and expectations, and as a result of their training, the employee is often put on an expedited trajectory toward management.

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JULIE SMITH PRESENTS ON BABY BOOMER HOUSING AT ULI WASHINGTON

Last month Julie Smith presented on a panel at ULI Washington’s annual Real Estate Trends Conference, about housing the “gray tsunami” of aging baby boomers. Julie was joined by panelists, John K. McIlwain, ULI senior resident fellow/J. Ronald Terwilliger Chair for Housing, Todd Harff of Creating Results, David Mayhood of The Mayhood Company and Perkins Eastman’s Dan Cinelli, who discussed trends in meeting the needs of the aging population, including housing preferences and the opportunities for developers to address them.

Julie presented Bozzuto’s research, which indicates that older residents have twice the income as younger renters, use onsite amenities extensively, adore their pets, and like a walkable urban environment – but not one that’s “gritty.” The ULI Washington session was well attended and provided an excellent opportunity for Bozzuto to showcase its knowledge and industry research about this important housing segment.

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BOZZUTO MANAGEMENT HOSTS ANNUAL AWARDS CEREMONY

Now in its 25th year, the Bozzuto Management Awards (BMAs) are held each year to recognize the best and brightest employees at Bozzuto Management. This year, the event was held at March National Building Museum and drew a record crowd of more than 1,000 employees and sponsors! Thanks to everyone who made it out.

Here is a list of this year’s winners:

Team Spirit Award: Stonington Farm

Shining Star Award: Melissa Visconti, 100 Park at Wyomissing Square

Sustainability Award: 360 State Street

Rising Star Award- Maintenance: Marlon Marchan, Carver Senior Apartments

Rising Star Award- Management: Marie Muscat, Gaslight Commons

Resident Concierge of the Year: Sandy Ramkissoon, Senate Square

Career Development Award: Joel Regignano, The Loree Grand

Five Star Award: Halstead Square

Outstanding Sales Role for Stabilized Properties & Properties Under 450 units:

Svetlana Slephkova, Flats 130 at Constitution Square

Onyi Okoli, Riverstone at Owings Mills

Piera Snyder, 100 Park at Wyomissing Square

Jessica Modica, The Pepper Building at 1830 Lombard

Rossana Barreto, Overlook Apartments

Outstanding Sales Role for Lease-Ups & Properties Over 450 units:

Tania Haywood, Arbors at Baltimore Crossroads

Breanna Stebbins, Park Lane Seaport

Kristine Webb, Arbors at Baltimore Crossroads

Sulalman Jalloh, The Fenestra at Rockville Town Square

Best Sales Performance for Lease-Ups & Properties Over 450 units: Kevin Bowers, Rhode Island Row Brass Knuckle:

100 Park at Wyomissing Square

The Zenith

Concord Crystal City

The Residences at Market Common

The Lexington at Market Square

Greatest Increase in Property Value: The Munsey

Lease-Up Community of the Year: Residences on the Avenue

Community Service Award: The Lexington at Market Square

Resident Service Award: Jericho Residences

Social Media Award: Residences on the Avenue

Ratings & Reviews Award: The Estates

Residents' Choice Award: Edgewater Apartments

President's Choice Award

Tom Bozzuto

Rick Mostyn

John B. Slidell

Unsung Hero Award: Diedre Jernigan, BMC Accounting

Unsung Hero Award: Marlena Buckalew, The Bozzuto Group

Outstanding Commitment to Company Values, Maintenance: Jason Nacerino, Bank Street Commons

Outstanding Commitment to Company Values, Management: Khadija Whitfield, vPoint Apartments

Assistant Service Manager of the Year: Peter McGovern, Jr., Park Lane Seaport

Assistant Property Manager of the Year: Sameer Alrai, The Zenith

Rookie Service Manager of the Year: Anthony Keyser, Alta at Regency Crest

Rookie Property Manager of the Year: Deanna Coomer, The Ellington

Service Manager of the Year: Mike Jock, Edgewater Apartments

Property Manager of the Year: Megan Colburn, Arbors at Broadlands

Property of the Year: The Promenade

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BOZZUTO HOMES

BHI WINS BIG AT MAX AWARDS

Bozzuto Homes had a winning night in May at the Home Builders Association of Maryland’s 2013 Maryland Awards of Excellence (MAX) Awards, which recognize local homebuilders who provide buyers with excellence in design, livability and value. The program also recognizes excellence in sales and marketing across the homebuilding industry. Congratulations to all of the winners!

  • Sales achievement: exceptional associate/assistant = Dar Mohamed
  • Sales achievement: exceptional sales from a trailer = Mindy Bush
  • Outstanding builder marketing: outstanding website = BHI for Uptown at Murray Hill
  • Sales achievement: sales team = Bruce Fogel, Judie Rosenthal and Marinda Wilson (Shipley's Grant)
  • Outstanding Marketing Outstanding Multi Media Campaign = BozzutoPalooza


Judie Rosenthal


Dar Mohammed


Bruce Fogel


Mindy Bush


Marinda Wilson


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