National Real Estate Investor: 10 Admired Individuals in Multifamily

May 02, 2014

As published in National Real Estate Investor. 

NREI’s 2014 Multifamily Housing Survey not only looked into the outlook for the U.S. multifamily sector in terms of property fundamentals and investment sales, but also delved into the identities of 10 of the admired companies and 10 influential executives in the space.

AvalonBay Communities was among those chosen, along with Equity Residential, Archstone, Boston Capital, Hunt Companies and Camden Property Trust. On a personal level, Sam Ross, CEO of Winn Cos., got kudos for being “flexible, [showing] long-range planning [and running a] green company,” according to one respondent, as well as for helming a “forward-moving company,” according to another. Equity Residential’s David Neithercut was described as “a great manager” and lauded for following sustainable practices. Tom Bozzuto, of The Bozzuto Group, has a reputation for “honesty, integrity and success” and being a “class guy.” Meanwhile, Richard LeFrak, of the LeFrak Organization, has demonstrated a “steadfast, long-term approach to the multifamily business.”

The survey was based on a sample of 1,001 professionals, including 947 respondents involved in the multifamily sector as investors, developers, brokers or lenders.

Thomas S. Bozzuto / The Bozzuto Group
Thomas S. Bozzuto is CEO of The Bozzuto Group, a company he established in 1988 with John Slidell, Rick Mostyn and the late Bernie Lubcher. In his role as CEO, Bozzuto directs the development, construction and management of income-producing and for-sale housing in metropolitan areas located throughout the East Coast.

In the course of his 40-year career, Bozzuto has overseen and been responsible for the creation of approximately 50,000 residential units with an estimated value of about $7 billion. Prior to forming The Bozutto Group, he served as Mid-Atlantic regional partner with Oxford Development Corp., as well as worked for the James W. Rouse Mortgage Company and the U.S. Department of Housing and Urban Renewal.

Bozzuto currently serves as a Congressional appointee to the Millennial Housing Commission, is a gubernatorial appointee to the Maryland Housing Commission, is a member of the advisory board and executive committee of the Harvard Joint Center for Housing Policy, is vice president of the board of trustees of the Walters Art Museum and past chairman of the board of the National Multi Housing Council, the Maryland Science Center and the Citizens Planning and Housing Association Inc.

Bozutto holds an undergraduate degree from Hobart College and a master’s degree in metropolitan studies from the Maxwell School of Syracuse University. He served in the United States Army, in Vietnam, in 1969-1971.